Use capital effectively, avoid loss or waste

Continuing the 37th Session, on the afternoon of September 26, the National Assembly Standing Committee reviewed the allocation of the medium-term public investment plan using central budget capital for the 2021-2025 period and the 2024 capital plan for tasks and projects using the increased central budget revenue in 2022 that have completed investment procedures.

Through discussion, the National Assembly Standing Committee agreed with the Government's proposal to allocate the Medium-term Public Investment Plan for the 2021-2025 period with a capital of VND 22,551 billion from the general reserve fund of the Medium-term Public Investment Plan from the increased revenue of the Central budget in 2022; supplement the State budget estimate for 2024 and allocate the Central budget capital in 2024 with a capital of VND 2,131.115 billion from the increased revenue of the Central budget in 2022 for the assigned tasks and projects. The Medium-term Public Investment Plan for the 2021-2025 period has completed investment procedures.

Speaking at the meeting, National Assembly Chairman Tran Thanh Man suggested that it is necessary to closely follow the provisions of the Law on Public Investment, the Law on State Budget, resolutions of the Central Committee, and resolutions of the National Assembly.

Regarding the source of increased central budget revenue in 2022 that has not been allocated and supplemented to the annual budget estimate, the National Assembly Chairman proposed that the Government direct ministries and branches to urgently review, clarify the causes, urge the implementation process, complete investment procedures, and ensure implementation time.

The Ministry of Planning and Investment and relevant ministries and branches must be responsible to the National Assembly Standing Committee and the National Assembly for the reported information, data, and allocation plans for the medium-term public investment plan, and not allow any negative incidents to occur; review and ensure that projects allocated capital must comply with the prescribed procedures and conditions.

The National Assembly Chairman also requested the Government and relevant ministries and sectors to commit to the progress and quality of the project; manage and use capital economically and effectively, and not allow any project or work to cause loss or waste.

The National Assembly Standing Committee assigned the Finance and Budget Committee to preside over and coordinate with the Law Committee, the Ministry of Finance, and the Ministry of Planning and Investment to absorb opinions at the meeting to complete the draft resolution.

This afternoon, the National Assembly Standing Committee gave opinions on the draft Law on Special Consumption Tax (amended).