Economic
North Korea Adopts 2026 State Budget With Higher Defence Spending
North Korea’s parliament has passed the 2026 state budget, raising defence expenditure to 15.8% of total spending while endorsing a new five‑year economic modernisation plan.
At a session of the Supreme People’s Assembly, North Korea adopted amendments to its constitution and passed legislation endorsing a new five‑year economic development plan aimed at modernising industry, boosting electricity and coal production, increasing food output, and expanding housing construction. The 2026 budget allocates 15.8% of total expenditure to defence, with explicit funding for expanding nuclear deterrence and war‑fighting capabilities. The move underscores the regime’s effort to balance military priorities with limited economic reforms amid ongoing international sanctions and chronic shortages.
- Status
- active
- Location
- Pyongyang, North Korea
- Date added
- 2026-03-31 14:24 UTC
- Added by
- bodglobalapdrt
- Last updated
- 2026-03-31 14:24 UTC
- Source
- WMBD Radio
- Connected threats
- Not provided