Allocation of remaining recovery program funds

Allocate capital to qualified projects

On the morning of June 22, continuing the 5th session, the National Assembly voted to pass a Resolution on capital allocation for the Socio-Economic Recovery and Development Program.

With 96.36% of delegates voting in favor, the Resolution on capital allocation for the Socio-Economic Recovery and Development Program; allocation and adjustment of the medium-term public investment plan of the Central budget for the 2021-2025 period and allocation of the Central budget investment plan in 2023 of the National Target Programs was passed.

Accordingly, the Resolution resolves to allocate 13,369.468 billion VND of the remaining capital of the Socio-Economic Recovery and Development Program to ministries, central agencies and localities to implement projects with sufficient investment procedures, reported to the National Assembly at the 5th Session of the 15th National Assembly. The Prime Minister is assigned to direct the review and assignment of capital plans for projects in accordance with the provisions of Resolution No. 43 and the Law on Public Investment.

Not allocating the remaining VND 509,217 billion of capital of the Socio-Economic Recovery and Development Program.

Policy - Allocation of remaining recovery program funds — Delegates vote.

Regarding the allocation and adjustment of the medium-term public investment plan of the central budget for the period 2021-2025, delegates approved the plan to allocate the remaining 444,407 billion VND of the medium-term public investment plan of the central budget for the period 2021-2025 of the National Target Program on Socio-Economic Development of Ethnic Minority and Mountainous Areas to the Ministry of Education and Training.

Allocate 25,995,167 billion VND of the remaining capital of the medium-term public investment plan using the central budget for the period 2021-2025 to ministries, central agencies and localities. Assign the Prime Minister to direct the review and assignment of capital plans for tasks and projects with sufficient investment procedures, reported to the National Assembly at the 5th Session of the 15th National Assembly.

Regarding the 62,364,060 billion VND of the medium-term public investment plan of the central budget for the period 2021-2025, it has been allocated to ministries, central agencies and localities according to Resolution No. 29. The Prime Minister is assigned to direct the review and assignment of capital plans for tasks and projects with sufficient investment procedures reported to the National Assembly at the 5th Session of the 15th National Assembly.

Adjusting down 24,594.3 billion VND of the medium-term public investment plan of the central budget for the period 2021-2025 allocated to the Ministry of Transport to adjust up accordingly the medium-term public investment plan of the central budget for the period 2021-2025 for the following localities: Khanh Hoa: 1,845 billion VND; Dak Lak: 1,641 billion VND; Dong Nai: 1,436 billion VND; Ba Ria - Vung Tau: 1,976 billion VND; Tien Giang: 872 billion VND; Can Tho: 3,250 billion VND; Hau Giang: 3,466 billion VND; Soc Trang: 3,769.5 billion VND; An Giang: 4,928 billion VND; Dong Thap: 1,410.8 billion VND.

Adjusting the medium-term public investment plan of the central budget for the period 2021-2025 between tasks and projects within the total capital of each ministry, central agency and locality:

Reduce VND 2,948,863 billion of tasks and projects assigned to the medium-term public investment plan of the central budget for the period of 2021-2025 to increase accordingly for tasks and projects not included in the list reported by the Government to the National Assembly at the First Session of the 15th National Assembly and projects assigned to the medium-term public investment plan for the period of 2021-2025 but in different sectors and fields from the projects adjusted for reduction.

For the remaining VND 53,049,202 billion of the medium-term public investment plan with central budget capital for the period 2021-2025 that has not yet been allocated in detail to tasks and projects: put it into the reserve of the medium-term public investment plan with central budget capital for the period 2021-2025.

Capital allocation for National Target Programs in 2023

Policy - Allocation of remaining recovery program funds (Figure 2). — Allocate capital to implement projects with sufficient investment procedures.

The Resolution also resolved to allocate VND 1,208,188 billion of the central budget capital in 2023 of the National Target Programs to ministries, central agencies and localities.

Of which: The national target program for socio-economic development in ethnic minority and mountainous areas is 183,188 billion VND; The national target program for new rural construction is 1,025 billion VND to implement the investment program for developing the grassroots health network in disadvantaged areas.

The Government directed to review and promptly issue full guidance documents to implement the 3 National Target Programs to ensure proper objectives and effectiveness.

The Resolution also requests the Government to direct the People's Committee of Ninh Thuan province to urgently complete investment procedures for the Infrastructure Investment Project to stabilize people's lives in Phuoc Dinh commune, Thuan Nam district and Vinh Hai commune, Ninh Hai district with a capital of VND 273 billion of the Socio-Economic Recovery and Development Program according to Resolution No. 43;

The Ministry of Transport urgently completes investment procedures for the rail connection project between Lao Cai station and Ha Khau Bac station with a capital of 700 billion VND of the medium-term public investment plan from the central budget for the period 2021-2025; reports to the National Assembly Standing Committee for consideration and comments before the Prime Minister assigns the capital plan to the projects according to regulations .

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