Hai Duong proposes to allocate more than 1,286 billion VND of public investment capital

Comrade Le Hong Dien, Provincial Party Committee member, Director of the Department of Planning and Investment read the report.

Based on the results of disbursement of local budget capital, the People's Committee of Hai Duong province has a report on the allocation of the 5-year local budget public investment plan for 2021-2025; transferring development investment expenditure sources in 2022 to 2023 and allocating local budget capital in 2023 (2nd time).

Specifically, the Provincial People's Committee proposed to allocate more than VND 1,286 billion out of a total of VND 2,503 billion in total capital plan for detailed allocation of the medium-term public investment plan for 2021-2025. Of which, the additional charter capital of the Hai Duong Provincial Land Development Fund is nearly VND 522.2 billion, allocating enough capital for 6 new projects expected to be completed in the period of 2021-2025 is nearly VND 764 billion (Project to invest in building a road to the Con Son - Kiep Bac relic site, 1/2 of the left route from An Linh intersection to Dau Rong intersection; Project to invest in building provincial road 394B connecting from provincial road 395 to the North - South axis road, Thanh Mien district; Project to renovate and repair the office building of the Department of Agriculture and Rural Development...).

The Provincial People's Committee also proposed that the Provincial People's Council allow the transfer of more than VND 780.1 billion to 2023 for allocation to public investment projects. Of which, the additional capital plan to save provincial budget expenditures in 2022 in Resolution No. 41/NQ-HDND dated December 8, 2022 of the Provincial People's Council is VND 180.029 billion; the source of increased revenue and additional budget savings for development investment expenditures in 2022 that has not been allocated in detail is VND 600.073 billion.

According to the Provincial People's Committee, the total capital plan for 2023, which has not been allocated in detail for public investment tasks and projects, is more than 1,507 billion VND. The Provincial People's Committee proposed to supplement the charter capital of the Hai Duong Provincial Land Development Fund with 422.186 billion VND; supplement 1 transitional project according to the progress and disbursement capacity in 2023 with 50 billion VND; allocate enough capital for 7 new projects to start construction according to the progress and disbursement capacity in 2023 with 430.53 billion VND. The detailed capital allocation later is 604.364 billion VND.

In the appraisal report, the Economic - Budget Committee of the Provincial People's Council agreed with the allocation plan as proposed by the Provincial People's Committee and requested the Provincial People's Committee to strive for the disbursement rate of public investment capital to reach 95% by the end of 2023 according to the direction of the Provincial Party Committee Standing Committee; review and adjust the annual state budget investment plan between projects before November 15, not allowing the implementation volume to exceed the assigned plan.

SNOW WIND