Analysis What North Korea’s official budget reveals about its spending priorities in 2024DPRK figures only capture portion of economy but show large investments in science and little in regional development In mid-January, North Korea’s premier Kim Tok Hun revealed the country’s accounts for last year and budget targets for 2024, offering a number of interesting and revealing pieces of information on Pyongyang’s spending priorities. The numbers published after a meeting of the country’s rubber-stamp parliament notably revealed massive outlays on quarantine facilities and agriculture in 2023, while outlining big increases in technology and culture-related spending in this year’s budget. However, the general trends in North Korea’s budget do not track overall economic performance, implying that improvements in the country’s economic © Korea Risk Group. All rights reserved. |