North Korea has a new budget and it’s full of fiscal hijinks - News Summed Up

North Korea has a new budget and it’s full of fiscal hijinks


FILE - In this April 13, 2017, file photo, North Korean men, women and soldiers walk past apartment blocks along Ryomyong street, a collection of more than a dozen apartment buildings in Pyongyang, North Korea. North Korea under leader Kim Jong Un has been on a spending spree, evidenced in projects like the new Ryomyong Street residential district. You are now thinking like a North Korean economist. “North Korea really is unique in this regard,” said Benjamin Silberstein, an associate scholar with the Foreign Policy Research Institute and co-editor of the North Korean Economy Watch website. For fiscal 2017, North Korea forecast a 3.1 percent revenue increase, which it later revised up, to 4.9 percent.


Source: Washington Post April 19, 2018 01:37 UTC



Loading...
Loading...
  

Loading...