Transferring more than 7,300 billion VND of public investment capital

On the afternoon of October 8, the National Assembly Standing Committee reviewed and decided to adjust the public investment plan from the central budget in 2024.

Presenting the above content, Deputy Minister of Planning and Investment Tran Quoc Phuong said that according to the plan submitted by the Government, domestic capital will be adjusted to reduce more than VND 7,313 billion from the 2024 public investment plan of 20 ministries, central and local agencies to make corresponding adjustments and supplements for 12 ministries, central and local agencies.

Deputy Minister of Planning and Investment Tran Quoc Phuong.

Regarding foreign capital, the 2024 public investment plan of 3 ministries and 1 locality will be adjusted down by more than VND 1,133 billion to adjust and supplement accordingly for the Ministry of Health and 13 localities.

During the review, Chairman of the Finance and Budget Committee Le Quang Manh stated that the Committee basically agreed with the Government's proposal. At the same time, he requested the Government to continue urging and directing ministries, branches and localities to review and allocate capital in accordance with regulations and in accordance with the project implementation/disbursement capacity, ensuring the economical and effective use of capital.

100% of the members of the National Assembly Standing Committee present at the meeting agreed with the content presented by the Government.

Vice Chairman of the National Assembly Nguyen Duc Hai.

Vice Chairman of the National Assembly Nguyen Duc Hai said that the Government will review and take responsibility for ensuring that projects with increased or decreased capital comply with procedures and conditions as prescribed by law.

At the same time, ensure that the adjustment to reduce the 2024 public investment capital estimates of ministries, branches and localities does not affect the implementation of projects that have been allocated capital or have been expected to be allocated capital by competent authorities.

The allocation and addition of capital to projects must ensure that projects assigned to the medium-term public investment plan for the 2021-2025 period have sufficient investment procedures and are capable of absorbing and disbursing capital in 2024, and not extend the amount of additional capital to subsequent years.

The total capital after being supplemented for tasks and projects must not exceed the capital of the medium-term public investment plan from the assigned State budget and the additional capital according to regulations.

The Government, ministries, central agencies and localities need to learn from experience to arrange capital in accordance with the implementation progress and disbursement capacity of tasks and projects, limiting the need to adjust and reduce assigned capital plans.

At the same time, there must be drastic solutions to allocate the remaining unallocated capital, speed up the disbursement of investment capital; manage and use capital economically and effectively, and combat negativity and waste.

Source: https://www.baogiaothong.vn/dieu-chuyen-hon-7300-ty-dong-von-dau-tu-cong-192241008185653926.htm