Detailed allocation not yet completed
On September 26, 2024, the amount of VND 14.34 billion (central budget VND 12 billion and provincial budget VND 2.34 billion) allocated for the implementation of the Provincial People's Council Resolution VND 1.5 billion (provincial budget) and the National Target Program (NTP) VND 12.84 billion (central budget VND 12 billion and provincial budget VND 0.84 billion) was approved by the Provincial People's Council.
This 5th capital allocation has increased the total amount of capital allocated in detail for programs, resolutions, and projects of sectors and localities eligible for capital allocation in 2024 to more than VND 6,614.4 billion (reaching 94%).
The remaining 2024 capital plan has not allocated nearly 442.5 billion VND because some tasks have not met the conditions for capital allocation according to regulations and land use revenue has not ensured the expected collection progress.
Mr. Nguyen Duc - Head of the Economic - Budget Committee of the Provincial People's Council said that the Provincial People's Committee is responsible for project information and reporting data on the detailed allocation of the public investment capital plan for 2024.
Regarding the remaining unallocated capital plan for 2024, the Economic - Budget Committee has requested the Provincial People's Committee to continue to strengthen the direction of relevant agencies and units to accelerate the completion of investment preparation work, review the implementation progress, and capital needs of the projects.
In addition, review land use fee revenue sources to promptly report to competent authorities for adjustment, ensuring allocation of remaining capital plan in accordance with regulations.
According to statistics, Quang Nam's total public investment capital plan for 2024 is nearly VND 8,884.3 billion, including: public investment capital plan for 2024 is nearly VND 7,056.9 billion (central budget is nearly VND 2,195 billion, local budget is nearly VND 4,861.9 billion) and capital plan for 2023 extended to 2024 is more than VND 1,827.4 billion.
Mr. Nguyen Quang Thu - Director of the Department of Planning and Investment said that specialized departments have been requested to shorten the time for appraising investment policies, appraising investment projects, and designing technical projects. Management agencies control consulting capacity, quality of documents, and strictly control the necessity, scope, and scale of each project in accordance with approved planning, orientation, and goals.
Investors are required to choose a reputable, quality consulting unit, ensuring that the consulting documents do not need to be supplemented or adjusted many times. This dynamism has helped to allocate the detailed public investment plan for 2024 quite high.
However, at the meeting between the Government's Working Group No. 1 and 5 provinces and cities of the Central Key Economic Region on the afternoon of October 11, 2024, chaired by Deputy Prime Minister Nguyen Hoa Binh, Deputy Minister of Planning and Investment Do Thanh Trung said that Quang Nam is the only locality in the Central Key Economic Region that has not completed the detailed allocation of 100% of the 2024 public investment capital plan. Meanwhile, the local disbursement rate is below the national average (40.99%).
High pressure
The disbursement of public investment capital has been identified by the Provincial People's Committee as one of the top political tasks. The high or low disbursement rate is one of the important bases for assessing the level of completion of the 2024 tasks of related organizations and individuals.
The government has issued a directive to strive to disburse 100% of total public investment capital in 2024 according to specific timelines. It can be understood that the pressure to disburse public investment capital in 2024 is very large.
However, the first step to achieving a high disbursement rate still has to start with whether or not to complete the detailed allocation of capital plans to each program, resolution, project for localities or departments. Meanwhile, the financial year is only over 2 months away from ending.
The remaining 2024 capital plan has not been allocated in detail, nearly 442.5 billion VND, including: the central budget of nearly 16.2 billion VND from national target programs (the National Target Program on New Rural Construction is over 6.5 billion VND; the National Target Program on Sustainable Poverty Reduction is over 9.6 billion VND) and the provincial budget is over 426.3 billion VND.
According to Chairman of the Provincial People's Committee Le Van Dung, the model of district-level safe agricultural product purchasing center has just been guided by the Ministry of Agriculture and Rural Development. The capital allocated to Quang Nam College is nearly 5 billion VND and Quang Nam Employment Service Center is over 4.6 billion VND but the procedures have not been completed. These capital sources will be allocated soon.
The remaining capital plan of the local budget is more than 426.3 billion VND. Including: repayment of due loans (nearly 71.6 billion VND), provision for implementing resolutions of the Provincial People's Council and counterpart funds for national target programs (more than 52.5 billion VND) which have not been allocated yet. The most difficult problem is the more than 302.2 billion VND of land revenue, which has not been collected so there is no source to allocate to projects.
Statistics show that the land use fee revenue for public investment in 2024 has been set at VND2,700 billion, but so far only about VND701 billion (only 26%) has been collected. This revenue is forecast to be lower than the assigned estimate.
These projects may be delayed in 2024 due to lack of capital and insufficient conditions and procedures for capital allocation. The remaining revenue of about 1,999 billion VND is not yet available for detailed capital allocation and disbursement plans.
The locality has sought many ways to drastically remove obstacles for projects. Hopefully, from now until the end of the year, there will be an additional 50% of land money to arrange and allocate capital. The Provincial People's Committee will monitor, review, and continue to allocate in the coming time.
Source: https://baoquangnam.vn/quang-nam-gap-rut-phan-bo-von-dau-tu-cong-3142904.html
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