Country Report North Korea February 2011

Outlook for 2011-12: Fiscal policy

The post of finance minister was vacant for several years from 2005. Kim Wan­su was eventually appointed in 2009, but he lasted less than six months before being replaced by Pak Su-gil, who has held on to the position for long enough to have presented a budget in April 2010. As usual, the budget contained no useful information; the absence of relevant historical or current data makes fiscal policy in the next two years impossible to predict. The reason for Kim Wan­su's brief tenure of the finance portfolio is unclear. He does not seem to have been purged, given that he has survived as vice-chairman of the SPA.

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