The North Korean government has a budget of nearly US$1.7 billion (1.8 billion euros), according to the most recent official statistics released by the country’s Central Committee.
North Korea’s economy is still struggling with the effects of a severe drought and a severe food shortage.
The country’s foreign exchange reserves fell to $9 billion in April, down from $16 billion in March, according to South Korean financial news service Yonhap.
The country’s currency reserves fell by $1.5 billion, also in April.
The North Korean economy depends heavily on foreign currency.
The foreign currency reserves of North Korea are now at the lowest level since 2012, when North Korea was still a dictatorship.
Foreign currency reserves are currently at around $9.5 trillion, and the North’s foreign currency exchange rate is 1.964 US dollars per North Korean bolivar.
The United Nations’ Economic Commission for Western Asia (ECWA) said in a report that the economy in North Korea is “in a severe downturn.”
The report found that North Korea has lost about half its export income from oil, mining and the textile industries in the last three years.
The collapse of its exports has had a severe impact on the country, with about 40 percent of the North Korean population unable to afford basic needs, the report found.
The International Monetary Fund said in its latest assessment of North Korean economic conditions that the country was in “severe” crisis and had “no economic horizon.”
According to the report, North Korea suffered a “deteriorating economic environment” with “severe food shortages, inadequate health care, a weak financial sector and a severely overburdened and undercapitalized labor force.”
The country relies heavily on export revenue from oil and minerals.
North Korea exports about 70 percent of its goods to the United States, but its exports to the European Union account for only 25 percent.
The report noted that North Korean imports of coal and iron ore, which are critical to the countrys economy, are in “excellent” condition.
However, North Korean exports of iron ore have been falling because of the drought.
According to a recent report by the United Nations, North Koreans earn $3.4 billion a year from the coal sector, a number that is expected to fall to $2.8 million a year by 2020.
The World Bank has estimated that the North Koreans government spent US$4.4 million on the construction of a new coal-fired power plant in January, and that its government was spending $1 billion a month on oil.
North Korean state media have also reported that North Koreans are receiving US$2,000 a month for food.
In a speech last year, North’s leader Kim Jong Un vowed to create an economy that would “exchange value for value.”
North Korea has struggled to create a sustainable, viable and profitable economy in recent years.
The North’s economy has suffered from the impact of a crippling drought that has caused severe food shortages and a food shortage that is “at a level not seen in a long time.”
The United States has urged North Korea to increase its food production and help ease the food shortages in the country.
The UN also recently warned North Korea that it risked “serious consequences” if it continued to use the same “economic policies” that have devastated its economy in the past.
The government of North Koryolink province in the North Koreas border province of Sinuiju has been the focus of increased international scrutiny over the past several years.