Proposal to adjust and allocate the provincial budget public investment capital plan in 2025

Representative of the Department of Finance reporting at the meeting. Photo: THANH CONG

The reported contents focus on a number of key tasks to solve issues related to budget, public investment, handling shortfalls in land use revenue, and the list of land lots for bidding to select investors...

At the meeting, the representative of the Department of Finance reported on the draft plan to handle the shortfall in land use revenue in 2024 that has been allocated to public investment projects. This plan aims to adjust resources, prioritize key projects that are being implemented, and at the same time minimize financial risks due to revenue shortfall.

The Department of Finance also reported the draft Proposal to adjust the provincial budget public investment plan for 2025. According to the draft, the total capital plan for 2025 is VND 8,311 billion, of which the provincial budget accounts for VND 5,382 billion. To date, 97% of the capital has been allocated in detail, while VND 249.2 billion has not been allocated in detail due to the lack of investment procedures or the lack of objects and the need for allocation based on the nature of capital use.

The draft proposes to reduce more than VND 100.7 billion, including VND 15.7 billion from the centralized budget, VND 80 billion from land use revenue, and VND 5 billion from spending savings from tasks, resolutions, and projects that are not capable of detailed allocation and slow disbursement or are unable to fully disburse the 2025 capital plan. This capital is proposed to be reallocated to priority tasks such as debt payment, resolution implementation, and national target program counterpart, and accelerating the progress of overdue projects with capital allocation time extended by competent authorities.

Head of the Economic - Budget Committee of the Provincial People's Council Nguyen Duc spoke at the meeting. Photo: THANH CONG

In addition, the Department of Finance also reported the draft of the List of land lots for bidding to select investors (phase 2) to promote investment projects using land; the draft of the Proposal to propose extending the time for arranging the provincial budget capital plan for the Project to repair and restore the section Km0-Km1+700 of the old DT.609 route.

The contents of this draft are the basis for submission to the Provincial People's Council for consideration and decision at the 31st session, contributing to ensuring effective budget management and promoting socio-economic development of Quang Nam province.

Source: https://baoquangnam.vn/de-nghi-dieu-chinh-va-phan-bo-ke-hoach-von-dau-tu-cong-ngan-sach-tinh-nam-2025-3153080.html