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Friday May 26th 2017
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Posts Tagged ‘budget’

The North Korean Parliamentary Session and Budget Report for 2017

The North Korean Parliamentary Session and Budget Report for 2017

(Photo: VOA/KCTV) On April 11, 2017, the fifth session of the 13th Supreme People’s Assembly (SPA) of the DPRK convened at the Mansudae Assembly Hall in Pyongyang. Such meetings are routine events taking place annually in the spring. Neither the parliamentary session nor its timing in 2017 were extraordinary. Moreover, the meeting was not [...]

The North Korean Budget Report 2015: Ten Observations

The North Korean Budget Report 2015: Ten Observations

On April 9, 2015, the Supreme People’s Assembly (SPA), North Korea’s parliament, met for its annual spring session. As usual, the Prime Minister gave an overview of the major economic achievements of the past year and the tasks ahead, and the Minister of Finance reported on the state budget for the previous and current years. Given the lack [...]

The Third Session of 13th SPA: Business as Usual

The Third Session of 13th SPA: Business as Usual

The third session of the 13th Supreme People’s Assembly (SPA), held in Pyongyang on April 9, 2015, was a routine development that followed the customary procedures and produced the expected legislative outcomes. The parliamentary theater was a political non-event underscoring the fact that North Korea’s political system is stable, Kim Jong Un [...]

The SPA Session of April 2014: Spotlight on Sports and Economic and Trade Zones

The SPA Session of April 2014: Spotlight on Sports and Economic and Trade Zones

The first session of the newly elected 13th Supreme People’s Assembly (SPA, North Korea’s parliament) was fairly mundane without too many big surprises. There were no unexpected changes on the personnel front, the constitution was not amended, no new laws were promulgated, no reform and opening policy was formulated, no new weapons were [...]

A Question of Interpretation: Economic Statistics From and About North Korea

A Question of Interpretation: Economic Statistics From and About North Korea

Reading Aidan Foster-Carter’s “Budget Blanks and Blues,” I feel inspired to add my own slightly more optimistic thoughts on the analytical value of North Korean annual budget reports, in particular, if contrasted with statistics on its economy in general, a quagmire I have been dealing with for almost two decades now. For an economist, it [...]

Budget Blanks and Blues

Budget Blanks and Blues

Last time I wrote in these pages, in late April, “Party Time in Pyongyang,” I promised a Part II. This is a bad habit of mine. To be honest, what happens is this: Enthused by the topic at hand, I write far too much and swiftly reach (or exceed) my word limit. I resolve in all sincerity to return to the topic and the parts I had to leave out. [...]

Credit for photo of young North Korean girl: T.M. All rights reserved, used with permission.