Allocating more than 24,000 billion VND for key projects in the 2021-2025 period

National Assembly Chairman Tran Thanh Man has just signed and issued Resolution No. 1215/NQ-UBTVQH15 of the National Assembly Standing Committee allocating the medium-term public investment plan with central budget capital from the central budget's general reserve of the medium-term public investment plan for the 2021-2025 period and the 2024 capital plan to ministries and localities to carry out tasks and projects that have completed investment procedures.

Allocating more than 24,000 billion VND for key projects in the 2021-2025 period

According to Resolution, the National Assembly Standing Committee decided to allocate 22,551 billion VND of the central budget reserve of the medium-term public investment plan for the 2021-2025 period corresponding to the increased central budget revenue in 2022 to ministries and localities to implement projects reported to the National Assembly at the 5th Extraordinary Session of the 15th National Assembly.

Of which, the Ministry of Public Security was allocated 400 billion VND; the Ministry of Transport was allocated 3,009 billion VND; the localities were allocated as follows: Bac Kan province (1,000 billion VND); Ninh Binh province (3,000 billion); Lam Dong province (2,500 billion VND); Ho Chi Minh City (1,368 billion VND); Tay Ninh province (1,504 billion VND); Binh Phuoc province (9,770 billion VND).

In addition, the National Assembly Standing Committee also resolved to supplement the 2024 state budget estimate and allocate 2024 central budget capital of VND 2,131,115 billion from the increased central budget revenue in 2022 to ministries and localities to implement assigned tasks and projects in the Medium-term Public Investment Plan for the period 2021 - 2025 (including 11 projects that have completed investment decisions and 01 investment preparation task).

Specifically, the Ministry of National Defense was allocated 180 billion VND; the Ministry of Transport was allocated 1,239.756 billion VND; the localities were allocated as follows: Quang Tri province (161.359 billion VND); Phu Yen province (350 billion VND); Khanh Hoa province (200 billion VND).

The National Assembly Standing Committee assigned the Prime Minister to decide and take responsibility for assigning the detailed Medium-Term Public Investment Plan for the 2021-2025 period for each project; assigning additional state budget expenditure estimates for 2024 and central budget capital investment plans for 2024 to ministries and localities in accordance with the provisions of the Law on Public Investment, the Law on State Budget and Resolutions of the National Assembly; directing relevant ministries and localities to implement tasks and projects in accordance with the schedule and provisions of the Law on Public Investment, the Law on State Budget and Resolutions of the National Assembly.

The Finance and Budget Committee, the Ethnic Council, other Committees of the National Assembly, National Assembly delegations, National Assembly deputies and the State Audit, within the scope of their tasks and powers, shall supervise and audit the implementation of this Resolution.

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