The session was convened at an important time when all the people in the country courageously launched an offensive to carry forward the victory and glory of last year full of great struggle and proud successes more brilliantly and vigorously to this year when the victory in attaining the goal set by the Eighth Congress of the Workers' Party of Korea (WPK) should be confirmed.

Present there were deputies to the SPA. Attending it as observers were officials concerned in the capital and local areas, including those of the Party Central Committee, the SPA Standing Committee, the Cabinet, ministries, national institutions and armed forces organs.

Its platform was taken by Presidium members of the Political Bureau of the WPK Central Committee Kim Tok Hun, Choe Ryong Hae and Ri Pyong Chol and other senior officials of the Party, the government and the military, the chairman and vice-chairmen of the SPA, members of the State Affairs Commission and vice-chairperson, the secretary general and members of the SPA Standing Committee.

Pak In Chol, chairman of the Supreme People's Assembly, made an opening address.

The national anthem of the DPRK was played when the session was declared open.

The 10th Session of the 14th Supreme People's Assembly of the DPRK brought out the following agenda items:

First, on the fulfillment of the DPRK state budget for Juche 112 (2023) and the state budget for Juche 113 (2024)

Second, on abolishing the Committee for the Peaceful Reunification of the Country of the DPRK, the National Economic Cooperation Bureau and the Kumgangsan International Tourism Administration

Kim Jong Un, general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's Republic of Korea, appeared on the platform to clarify the policy of the DPRK government.

All the participants broke into thunderous cheers of "Hurrah!", looking up to him, the supreme representative of the dignity of our Party, state and people who is dynamically ushering in a new era of overall prosperity of the country powerful with independence in politics, self-support in the economy and self-reliance in national defence while guiding the historic struggle for building a rich country with strong army, our noble idea and our sacred cause, always along the road of victory.

The respected Comrade Kim Jong Un made an important policy speech "On the Immediate Tasks for the Prosperity and Development of Our Republic and the Promotion of the Wellbeing of Our People".

He expressed deep thanks to the deputies who had worked hard to fulfill their duty with loyalty to the sacred cause of the Party and the state and the spirit of devoted service to the people. And he put forward in an overall way the main agenda of the session discussing the new year's state affairs, the important tasks facing the DPRK government in bringing in a multi-stage, three-dimensional and offensive way great changes for the comprehensive development of socialist construction, and the principled issues to be maintained in carrying them out.

The supreme task of the WPK and the DPRK government, which set forth the promotion of the people's well-being as the supreme principle of state activities, is to improve the people's living as early as possible, he said, declaring the new regional industry development policy for a great revolution in eliminating the centuries-old backwardness of localities and realizing the long-cherished desire of the regional people, and the important measures for its implementation.

He sternly analyzed and estimated the security environment of the DPRK, which turned into the most dangerous zone with risk of war outbreak in the world, and the danger of the confrontation racket by the U.S. imperialists and their followers, and clarified the orientation of struggle against the enemy and the militant tasks to be carried out most thoroughly and uncompromisingly.

His speech clarified the political issues for adhering to the principle of defending the national sovereignty and interests in the external affairs in keeping with the dignity and prestige of the DPRK which adopted the anti-imperialist independence as its first state policy, immutable and consistent.

All the participants listened in great excitement to the speech of Kim Jong Un who set the basic guidelines for building a powerful country as a solid pillar, clearly looking forward to the future of accomplishing the socialist cause.

His historic policy speech, full of the great sense of mission and confidence in sure victory, is a militant banner and an immortal great revolutionary programme that enables our Party, state and people to bravely overcome manifold difficulties and crisis with their heroic dignity and indomitable stamina and further accelerate the victorious advance toward a powerful country.

The session discussed the fulfillment of last year's state budget and the draft state budget for the new year as the first agenda item.

A report was made by Deputy Ko Jong Bom, minister of Finance.

Then, speeches were made by deputies Pak Jong Gun, Jon Hak Chol, Ri Yong Chol, Han Nam Chol and Kim Myong Chol.

Speakers expressed full support for the report submitted to the session, noting that last year's implementation of the state budget was correctly reviewed and settled and the new year's state budget has been formed on the principle of financially supporting the struggle to secure a clear practical guarantee for the fulfillment of the Five-Year Plan in the spirit of the 9th Plenary Meeting of the 8th Central Committee of the Workers' Party of Korea.

They analyzed and reviewed in detail the successes, experience and shortcomings made in their sectors and units last year and proposed measures to settle the knotty problems arising in reality in conformity with the changed circumstances and situation and ensure the smooth promotion of the long-term development.

They expressed their determination to fully display the responsibility and activeness in this year's struggle of great significance in the successful implementation of the WPK's programme and thus guarantee the steady development of socialist construction with courageous and substantial practices.

The session adopted with unanimous approval a decision of the Supreme People's Assembly of the DPRK "On approving the fulfillment of the DPRK state budget for Juche 112 (2023)" and an ordnance of the SPA of the DPRK "On the DPRK state budget for Juche 113 (2024)".

The session discussed the issue of abolishing the mechanisms in charge of affairs with the south as the second agenda item.

Deputy Maeng Kyong Il, vice-chairman of the SPA, proposed a draft SPA decision which stipulates the validity and legality of the immediate abolition of the mechanisms which had existed for north-south dialogue, negotiation and cooperation.

The session unanimously approved the SPA decision of the DPRK "On abolishing the Committee for the Peaceful Reunification of the Country of the DPRK, the National Economic Cooperation Bureau and the Kumgangsan International Tourism Administration".

Pak In Chol, chairman of the Supreme People's Assembly, made a closing address.

The 10th Session of the 14th SPA successfully concluded its work amid the extraordinary political enthusiasm of the participants to fulfill their responsibility and duty as representatives of the people and masters of the state affairs in the van of the decisive struggle to firmly guarantee the dignity, sovereignty and independent development of the DPRK and its people and elevate and expand the epochal phase for national prosperity.