DPRK Deputies Discuss Economic Plan, Budget At Supreme People’s Assembly

PYONGYANG, Jan 18 (NNN-KCNA) – The Democratic People’s Republic of Korea (DPRK), held the Supreme People’s Assembly yesterday, to mainly discuss the country’s future economic path, it was reported today.

The report said that the fourth session of the 14th Supreme People’s Assembly (SPA), was held in the Mansudae Assembly Hall in Pyongyang, and discussed the country’s five-year economic and budget plans.

The one-day session decided on its agenda items, an organisational matter, and on thorough implementation of the five-year plan for national economic development, set forth at the eighth Congress of the Workers’ Party of Korea, as well as, the review of fulfilment of the state budget for 2020 and the state budget for 2021, the report said.

The speakers “seriously analysed and reviewed shortcomings, causes and experience in the efforts for making remarkable progress in the development of the country’s economy and improvement of the people’s standard of living in the past.”

Deputy Kim Tok Hun, the cabinet premier, made a report, in which he called for thoroughly carrying out the five-year plan for national economic development, set forth at the eighth congress, concluded last Tuesday.

He stressed that the cabinet will put the economy on a normal track that makes sustained development, unaffected by any outside influence, while maintaining a firm hold on the adjustment strategy and reinforcement strategy, together with self-reliance and self-sufficiency, according to the report.

He said, they would give priority to the development of key industries, including metal and chemical industry, which constitute twin pillars of the national economy, and achieve a breakthrough in carrying out the five-year plan, in order to keep the overall economy afloat.– NNN-KCNA

 

Source: NAM News Network