Present there were Kim Jong Un, first secretary of the Workers' Party of Korea, supreme commander of the Korean People's Army and supreme leader of the WPK and the people of the DPRK.

Deputies to the SPA were present.

Officials of the party, armed forces and power bodies, social organizations, ministries and national institutions and those in the fields of science, education, literature and arts, public health and media attended the session as observers.

The participants observed a moment's silence in memory of leader Kim Jong Il.

Decisions were made on following agenda items at the session:

1. On revising and supplementing the Socialist Constitution of the DPRK

2. On electing the dear respected Comrade Kim Jong Un to top post of the DPRK

3. On the work of the Cabinet of the DPRK for Juche 100 (2011) and tasks for Juche 101 (2012)

4. On the results of the implementation of the state budget of the DPRK for Juche 100 (2011) and on the state budget for Juche 101 (2012)

5. Organizational matter

The first agenda item was discussed at the session.

Deputy Yang Hyong Sop made a report on revising and supplementing the Socialist Constitution of the DPRK.

Ordinance of the SPA of the DPRK "On approving the proposal for revising and supplementing the Socialist Constitution of the DPRK" was adopted with unanimous approval.

The second agenda item was discussed at the meeting.

Deputy Kim Yong Nam, president of the SPA Presidium made a speech recommending the dear respected Kim Jong Un to the top post of the DPRK.

He courteously proposed to the Supreme People's Assembly the proposal of the Central Committee and the Central Military Commission of the WPK on electing the dear respected Kim Jong Un as first chairman of the National Defence Commission, in reflection of the unanimous will of the party, the army and the people.

The proposal was fully supported and approved by all the deputies and the participants as it reflected the ardent desire and unanimous will of all the party members, servicepersons and other people.

The session solemnly declared that Kim Jong Un has been elected as first chairman of the NDC of the DPRK.

The participants broke into rousing cheers of "Hurrah!" looking up to Kim Jong Un.

Deputy Choe Yong Rim, premier of the Cabinet, made a report on the third agenda item.

He said that last year the gross industrial output value grew 2 percent and the production of electricity generated at hydraulic power stations, iron ore, electrolytic zinc, power generators, fertilizers and magnesia clinker showed a remarkable growth over the previous year.

This year the Cabinet will concentrate all efforts on light industry and agriculture and exert utmost efforts for laying a solid foundation for building an economic power in warm response to the flames of the industrial revolution in the new century and the flames kindled in South Hamgyong Province, ensuring the combat preparations of the People's Army and providing a material guarantee for the development of the national defence industry, he stressed.

Deputy Choe Kwang Jin, minister of Finance, made a report on the fourth agenda item.

He said that last year the state budgetary revenue was over-fulfilled 1.1 percent, of which the plan for local budgetary revenue was over-fulfilled 12.8 percent. He said that the state budgetary expenditure was implemented at 99.8 percent and 15. 8 percent of the total state budgetary expenditure was allocated as defence spending.

He said that the plan for state budgetary revenue is expected to grow 8.7 percent and the plan for state budgetary expenditure 10.1 percent over last year. He pointed out that 15.8 percent of the total state budgetary expenditure is to be spent for national defence and a large amount of educational aid fund and stipends will be sent for the children of Koreans in Japan.

Written speeches were made by deputies on the third and fourth agenda items.

The speakers said that it is the greatest pleasure and honor of the army and people of the DPRK that Kim Jong Un was elected to the top post of the DPRK.

They noted that the work of the Cabinet and the implementation of the state budget were correctly reviewed and summed up and the tasks for the Cabinet were clearly set forth for stepping up the building of a thriving nation and that the state budget was correctly shaped in the direction of giving play to the advantages of the socialist system. They voiced full support and approval for them.

Decision of the SPA of the DPRK "On approving the report of work of the DPRK Cabinet and the results of the implementation of the state budget for Juche 100 (2011)" and ordinance of the SPA of the DPRK "On state budget for Juche 101 (2012) of the DPRK" were adopted with the approval by all the deputies.

Organizational matter was discussed.

At the proposal of Kim Jong Un, first secretary of the Workers' Party of Korea and first chairman of the NDC of the DPRK, Deputies Choe Ryong Hae, Kim Won Hong and Ri Myong Su were elected members of the NDC to fill vacancies.

Deputy Kim Yong Nam announced the members of the NDC elected at the first and fifth Sessions of the 12th SPA.

Kim Jong Il, chairman of the DPRK NDC

Kim Jong Un, first chairman of the DPRK NDC

NDC Vice-Chairmen--Deputies Kim Yong Chun, Ri Yong Mu, Jang Song Thaek and O Kuk Ryol.

NDC Members--Deputies Pak To Chun, Kim Jong Gak, Ju Kyu Chang, Paek Se Bong, Choe Ryong Hae, Kim Won Hong and Ri Myong Su.

Deputy Thae Hyong Chol was elected as secretary general of the SPA Presidium to fill a vacancy.

Deputies Ri Sung Ho and Ri Chol Man were named as vice-premiers of the Cabinet and Kim In Sik as vice-premier and chairman of the Capital Construction Commission.

Deputy Pak Thae Dok, chief secretary of the North Hwanghae Provincial Committee of the WPK, and Deputy Jon Kyong Nam, president of University of National Economics, were elected as members of the Legislation Committee of the SPA to fill vacancies.