Pyongyang, April 11 (KCNA) -- The 5th session of the 11th Supreme People's Assembly of the DPRK was held at the Mansudae Assembly Hall on Wednesday.
General Secretary Kim Jong Il attended the session.
Present there were deputies to the SPA.
Officials of the Party, military and power organs, social organizations, ministries and national institutions and officials in the fields of science, education, culture and art, public health and media were present there as observers.
The session discussed the following agenda items: "1. On the review of the work of the DPRK Cabinet in Juche 95 (2006) and its tasks for Juche 96 (2007)" and "2. On the results of the implementation of the state budget of the DPRK for Juche 95 (2006) and its state budget for Juche 96 (2007)" and "3. Organizational matter."
Deputy Kwak Pom Gi, vice-premier of the Cabinet, said in the report on the first agenda item that precious successes were made in the socialist economic construction last year; the total revenue in the sectors of the national economy grew as compared with that in the previous year, the production of major industrial goods markedly increased and a precious foundation was laid to rapidly improve the standard of people's living in the shortest span of time and great successes were achieved in the cultural construction, too.
Saying that the main thrust of the economic construction this year is to improve the standard of people's living on the basis of the existing foundations of agriculture and light industry and bolster up the four pilot domains of the national economy in order to give the fullest play to the production potential of the overall economy, continue energetically pushing forward the modernization of the national economy and satisfactorily solve the problem of socialist economic management in Korean style, the reporter referred to the concrete tasks to do so.
Deputy Ro Tu Chol, vice-premier of the Cabinet, said in his report on the second agenda item that last year the state budgetary revenue was fulfilled at 97.5 percent as compared with that under plan or a jump of 4.4 percent over that in the previous year and the state budgetary expenditure was carried out at 99.9 percent as compared with that under plan and 16 percent of the total state budgetary expenditure was allocated as defence spending and 40.8 percent of it was earmarked for various domains of the national economy.
The state budgetary revenue for this year is expected to grow 5.9 percent over last year, he said, adding: The state budgetary expenditure for this year will show an increase of 3.3. percent over last year and its plan has been shaped in such a way as to effectively use a large amount of it for the development of the national economy and the improvement of the standard of people's living and 15.8 percent of the total state budgetary expenditure will be allocated for national defence.
Speakers at the session said that the work of the Cabinet and the implementation of the state budget last year were correctly reviewed and summed up, expressing full support and approval of the reports made on the two agenda items as clear tasks of the Cabinet for this year were proposed and the state budget for the year was correctly shaped.
They expressed their determinations to augment the political and military might of the country in every way and bring about a new change in all the fields of economy this year, which commemorates the 95th birth anniversary of President Kim Il Sung and the 75th anniversary of the Korean People's Army.
Decision of the DPRK SPA "On approving the work of the DPRK Cabinet in Juche 95 (2006) and the results of the implementation of the state budget for Juche 95 (2006)" and the ordinance of the DPRK SPA "On the state budget of the DPRK for Juche 96 (2007)" were adopted at the session with the unanimous approval of the deputies.
The session discussed its third agenda item "Organizational matter".
The session relieved Deputy Pak Pong Ju of premiership and elected Deputy Kim Yong Il premier of the Cabinet of the DPRK.
Deputy Kim Yong Chun was elected vice-chairman of the NDC of the DPRK at the session.