Present there were deputies to the SPA.

Present there as observers were officials of the party, armed forces and power organs, social organizations, ministries and national institutions and those in the fields of science, education, literature and art, public health and media.

The participants observed a moment's silence in memory of President Kim Il Sung and leader Kim Jong Il, founder and builder and eternal leaders of the DPRK.

Discussed at the session were "1. On the work of the DPRK Cabinet for Juche 103 (2014) and its tasks for Juche 104 (2015)", "2. On summing up the fulfillment of the state budget of the DPRK for Juche 103 (2014) and its state budget for Juche 104 (2015)" and "3. Organizational matters".

Deputy Pak Pong Ju, premier of the Cabinet, made a report on the first agenda item.

He said that last year the DPRK registered great successes in grain production, provided a guarantee for completing the stock-breeding base in Sepho area as a gift to the 70th anniversary of the founding of the Workers' Party of Korea and built many monumental structures, icons of Juche architecture, through army-people coordinated operations.

It opened up a bright prospect for implementing the behests of Kim Jong Il on turning the Chongchon River into one of treasure and patriotism, made progress in developing economy and improving the people's living standard by dint of science and technology and made great achievements in the fields of sports, education and public health, he noted.

It is the main tasks for this year to settle the food problem of the people with the farming, stock-breeding and fishery as the three thrusts, boost electricity production and put the metal industry on a Juche basis while taking it as the lifeline and key point to carry out the behests of Kim Jong Il and pushing forward them consistently, he said, referring to the concrete tasks.

Deputy Ki Kwang Ho made a report on the second agenda item.

The plan of state budgetary revenue for last year was over-fulfilled 1.6 percent, 6 percent increase over the previous year, the plan for state budgetary expenditure was carried out at 99.9 percent, and 46.7 percent of the total state budgetary expenditure was spent for the development of the national economy, 37.2 percent for the cultural field and 15.9 percent for national defence, he said.

The state budgetary revenue for this year will grow 3.7 percent over last year.

The state budgetary expenditure for this year will grow 5.5 percent over last year, 15.9 percent of total budgetary expenditure will be spent for national defence and bigger investment will be made to shore up the national economy and to improve the people's living standard, he said.

Speakers said that the work of the Cabinet and the fulfillment of the state budget for last year have been reviewed correctly, clear-cut tasks for this year for improving the standard of people's living and building an economic power have been advanced and the state budget was properly shaped to fully display the advantages of the socialist system. They expressed full support and approval of them.

They evinced the pledge to consolidate the political and military might of the country in every way, bring about fresh progress in all spheres of socialist construction and thus mark the 70th anniversaries of the WPK founding and the liberation of Korea as grand festivals of victors.

The session adopted a decision of the SPA of the DPRK "On approving the report on the work of the DPRK Cabinet and the summing up of the fulfillment of the state budget for Juche 103 (2014)" and an ordinance of the SPA of the DPRK "On the state budget of the DPRK for Juche 104 (2015)".

Deputy Pak To Chun was recalled from member of the DPRK National Defence Commission due to his transfer to other post.

Deputy Kim Chun Sop was elected member of the DPRK NDC to fill a vacancy upon the authorization of Marshal Kim Jong Un.