17 January 2024
by Jon Grevatt & Andrew MacDonald
Janes Defence Budgets estimates a marginal increase in North Korea's defence spending in 2024. (Janes Defence Budgets)
North Korea said on 16 January that it expects to spend 15.9% of total government expenditure in 2024 on defence. The state-run Korean Central News Agency (KCNA) did not provide a monetary figure, but the proportion is the same as in recent years.
In 2023 Janes tracked North Korea's defence budget at about USD1.47 billion. Janes estimates that the new allocation represents a small increase but spending power in the isolated country remains limited due to challenging economic constraints including inflation.
KCNA said the national budget for 2024 was presented to the 10th Session of the 14th Supreme People's Assembly in Pyongyang. Citing a speech by North Korean leader Kim Jong-un, KCNA said the proposed defence budget will support Pyongyang's five-year plan to develop ‘defence science and weapon systems'.
This plan – announced in January 2021 – focuses on progressing military capabilities including intercontinental ballistic missiles (ICBMs), solid fuel ballistic missiles, warheads for hypersonic missiles, nuclear submarines, and reconnaissance satellites.
North Korea said on 16 January that it expects to spend 15.9% of total government expenditure in 202...
17 January 2024
by Jon Grevatt & Andrew MacDonald
Janes Defence Budgets estimates a marginal increase in North Korea's defence spending in 2024. (Janes Defence Budgets)
North Korea said on 16 January that it expects to spend 15.9% of total government expenditure in 2024 on defence. The state-run Korean Central News Agency (KCNA) did not provide a monetary figure, but the proportion is the same as in recent years.
In 2023 Janes tracked North Korea's defence budget at about USD1.47 billion. Janes estimates that the new allocation represents a small increase but spending power in the isolated country remains limited due to challenging economic constraints including inflation.
KCNA said the national budget for 2024 was presented to the 10th Session of the 14th Supreme People's Assembly in Pyongyang. Citing a speech by North Korean leader Kim Jong-un, KCNA said the proposed defence budget will support Pyongyang's five-year plan to develop ‘defence science and weapon systems'.
This plan – announced in January 2021 – focuses on progressing military capabilities including intercontinental ballistic missiles (ICBMs), solid fuel ballistic missiles, warheads for hypersonic missiles, nuclear submarines, and reconnaissance satellites.
North Korea said on 16 January that it expects to spend 15.9% of total government expenditure in 202...
17 January 2024
by Jon Grevatt & Andrew MacDonald
Janes Defence Budgets estimates a marginal increase in North Korea's defence spending in 2024. (Janes Defence Budgets)
North Korea said on 16 January that it expects to spend 15.9% of total government expenditure in 2024 on defence. The state-run Korean Central News Agency (KCNA) did not provide a monetary figure, but the proportion is the same as in recent years.
In 2023 Janes tracked North Korea's defence budget at about USD1.47 billion. Janes estimates that the new allocation represents a small increase but spending power in the isolated country remains limited due to challenging economic constraints including inflation.
KCNA said the national budget for 2024 was presented to the 10th Session of the 14th Supreme People's Assembly in Pyongyang. Citing a speech by North Korean leader Kim Jong-un, KCNA said the proposed defence budget will support Pyongyang's five-year plan to develop ‘defence science and weapon systems'.
This plan – announced in January 2021 – focuses on progressing military capabilities including intercontinental ballistic missiles (ICBMs), solid fuel ballistic missiles, warheads for hypersonic missiles, nuclear submarines, and reconnaissance satellites.
North Korea said on 16 January that it expects to spend 15.9% of total government expenditure in 202...
17 January 2024
by Jon Grevatt & Andrew MacDonald
Janes Defence Budgets estimates a marginal increase in North Korea's defence spending in 2024. (Janes Defence Budgets)
North Korea said on 16 January that it expects to spend 15.9% of total government expenditure in 2024 on defence. The state-run Korean Central News Agency (KCNA) did not provide a monetary figure, but the proportion is the same as in recent years.
In 2023 Janes tracked North Korea's defence budget at about USD1.47 billion. Janes estimates that the new allocation represents a small increase but spending power in the isolated country remains limited due to challenging economic constraints including inflation.
KCNA said the national budget for 2024 was presented to the 10th Session of the 14th Supreme People's Assembly in Pyongyang. Citing a speech by North Korean leader Kim Jong-un, KCNA said the proposed defence budget will support Pyongyang's five-year plan to develop ‘defence science and weapon systems'.
This plan – announced in January 2021 – focuses on progressing military capabilities including intercontinental ballistic missiles (ICBMs), solid fuel ballistic missiles, warheads for hypersonic missiles, nuclear submarines, and reconnaissance satellites.
North Korea said on 16 January that it expects to spend 15.9% of total government expenditure in 202...
17 January 2024
by Jon Grevatt & Andrew MacDonald
Janes Defence Budgets estimates a marginal increase in North Korea's defence spending in 2024. (Janes Defence Budgets)
North Korea said on 16 January that it expects to spend 15.9% of total government expenditure in 2024 on defence. The state-run Korean Central News Agency (KCNA) did not provide a monetary figure, but the proportion is the same as in recent years.
In 2023 Janes tracked North Korea's defence budget at about USD1.47 billion. Janes estimates that the new allocation represents a small increase but spending power in the isolated country remains limited due to challenging economic constraints including inflation.
KCNA said the national budget for 2024 was presented to the 10th Session of the 14th Supreme People's Assembly in Pyongyang. Citing a speech by North Korean leader Kim Jong-un, KCNA said the proposed defence budget will support Pyongyang's five-year plan to develop ‘defence science and weapon systems'.
This plan – announced in January 2021 – focuses on progressing military capabilities including intercontinental ballistic missiles (ICBMs), solid fuel ballistic missiles, warheads for hypersonic missiles, nuclear submarines, and reconnaissance satellites.
North Korea said on 16 January that it expects to spend 15.9% of total government expenditure in 202...
17 January 2024
by Jon Grevatt & Andrew MacDonald
Janes Defence Budgets estimates a marginal increase in North Korea's defence spending in 2024. (Janes Defence Budgets)
North Korea said on 16 January that it expects to spend 15.9% of total government expenditure in 2024 on defence. The state-run Korean Central News Agency (KCNA) did not provide a monetary figure, but the proportion is the same as in recent years.
In 2023 Janes tracked North Korea's defence budget at about USD1.47 billion. Janes estimates that the new allocation represents a small increase but spending power in the isolated country remains limited due to challenging economic constraints including inflation.
KCNA said the national budget for 2024 was presented to the 10th Session of the 14th Supreme People's Assembly in Pyongyang. Citing a speech by North Korean leader Kim Jong-un, KCNA said the proposed defence budget will support Pyongyang's five-year plan to develop ‘defence science and weapon systems'.
This plan – announced in January 2021 – focuses on progressing military capabilities including intercontinental ballistic missiles (ICBMs), solid fuel ballistic missiles, warheads for hypersonic missiles, nuclear submarines, and reconnaissance satellites.
North Korea said on 16 January that it expects to spend 15.9% of total government expenditure in 202...
17 January 2024
by Jon Grevatt & Andrew MacDonald
Janes Defence Budgets estimates a marginal increase in North Korea's defence spending in 2024. (Janes Defence Budgets)
North Korea said on 16 January that it expects to spend 15.9% of total government expenditure in 2024 on defence. The state-run Korean Central News Agency (KCNA) did not provide a monetary figure, but the proportion is the same as in recent years.
In 2023 Janes tracked North Korea's defence budget at about USD1.47 billion. Janes estimates that the new allocation represents a small increase but spending power in the isolated country remains limited due to challenging economic constraints including inflation.
KCNA said the national budget for 2024 was presented to the 10th Session of the 14th Supreme People's Assembly in Pyongyang. Citing a speech by North Korean leader Kim Jong-un, KCNA said the proposed defence budget will support Pyongyang's five-year plan to develop ‘defence science and weapon systems'.
This plan – announced in January 2021 – focuses on progressing military capabilities including intercontinental ballistic missiles (ICBMs), solid fuel ballistic missiles, warheads for hypersonic missiles, nuclear submarines, and reconnaissance satellites.
North Korea said on 16 January that it expects to spend 15.9% of total government expenditure in 202...
17 January 2024
by Jon Grevatt & Andrew MacDonald
Janes Defence Budgets estimates a marginal increase in North Korea's defence spending in 2024. (Janes Defence Budgets)
North Korea said on 16 January that it expects to spend 15.9% of total government expenditure in 2024 on defence. The state-run Korean Central News Agency (KCNA) did not provide a monetary figure, but the proportion is the same as in recent years.
In 2023 Janes tracked North Korea's defence budget at about USD1.47 billion. Janes estimates that the new allocation represents a small increase but spending power in the isolated country remains limited due to challenging economic constraints including inflation.
KCNA said the national budget for 2024 was presented to the 10th Session of the 14th Supreme People's Assembly in Pyongyang. Citing a speech by North Korean leader Kim Jong-un, KCNA said the proposed defence budget will support Pyongyang's five-year plan to develop ‘defence science and weapon systems'.
This plan – announced in January 2021 – focuses on progressing military capabilities including intercontinental ballistic missiles (ICBMs), solid fuel ballistic missiles, warheads for hypersonic missiles, nuclear submarines, and reconnaissance satellites.
North Korea said on 16 January that it expects to spend 15.9% of total government expenditure in 202...