Clarify the capital allocation for projects with sufficient investment procedures

Discussing in groups at the 5th Extraordinary Session of the 15th National Assembly on the morning of January 16 on supplementing the Medium-term Public Investment Plan of the Central budget for the period 2021-2025 from the general reserve source corresponding to the increased revenue of the Central budget in 2022 for public investment tasks and projects, delegate Nguyen Ngoc Son (Hai Duong) agreed with many contents in the inspection report of the Finance - Budget Committee.

"I think that the National Assembly's consideration of adding capital to the Medium-Term Public Investment Plan at this extraordinary session is necessary, within the authority of the National Assembly, and at the same time demonstrates the spirit of always accompanying the Government. Some projects that were not added to the Plan at the 6th Session due to not meeting the conditions have now been added to the submission when meeting all the procedures," said delegate Nguyen Ngoc Son.

However, of the VND33,156 billion proposed by the Government to be allocated to projects that have completed investment procedures, delegate Nguyen Ngoc Son requested the Government to clarify the capital source and the ability to balance capital. In particular, it is necessary to explain specifically, explain the urgency and assess the impact of some projects that lack certainty as mentioned by the Finance - Budget Committee in the appraisal report.

Delegate Nguyen Ngoc Son said that the remaining time of the plan is not much while some projects included in the list are not clear and specific.

"So how effective is the policy after it was approved by the National Assembly? Currently, many projects at the 6th Session have been approved but have not been implemented or absorbed, and now we continue to approve and add to projects that lack feasibility. I suggest that the Government needs to review it again," delegate Nguyen Ngoc Son suggested.

In addition, for the capital of VND 30,568 billion planned to be allocated to the list of projects that have not met investment procedures according to regulations, delegate Nguyen Ngoc Son proposed not to include it in the reserve fund of the Medium-term Public Investment Plan for the period 2021-2025 because there is not enough legal basis to directly meet the special mechanism.