Strengthening the management of advance payment of public investment capital from the State budget

Kinhtedothi - On March 24, the Hanoi People's Committee issued Official Dispatch No. 1062/UBND-KT on strengthening the management of advance payment of public investment capital from the State budget.

Accordingly, the City People's Committee requests the City's departments and branches; People's Committees of districts, towns, and cities, based on current legal regulations, to strengthen strict and effective management of advance capital in accordance with regulations; be responsible for synthesizing, monitoring and directly instructing investors to properly implement regulations on management and advance capital for public investment from the State budget within the scope of the assigned capital plan. Conduct periodic and unscheduled inspections to rectify and handle problems arising during the implementation process of investors.

In case the investment decision maker decides on an advance payment level higher than 30% of the contract value as prescribed in Article 10 of Decree No. 99/2021/ND-CP dated November 11, 2021 of the Government, it must be based on the progress of the contract volume implementation, the project's ability to recover advanced capital, clearly assess the reasons and necessity to increase the advance payment rate and take full responsibility for its decision.

The People's Committees of districts, towns and cities are responsible for directing the Finance - Planning Department to coordinate with the Transaction Offices - State Treasury of Region I to review the overdue advance capital (if any), report every 6 months and annually to have measures to recover all overdue advance capital according to regulations...

Investors and project management boards must comply with current regulations on capital advances. The amount of capital advances, the time of advance payment, the amount of each advance payment recovery, and the time of each advance payment recovery in accordance with regulations must be specifically stated in the contract and must be consistent with the project investment progress, contract implementation progress, and annual implementation volume. The amount of capital advances and the number of times of advance payment are specifically determined each year in accordance with the contract implementation progress in the corresponding year.

For compensation, support and resettlement work: the level of advance capital according to the plan, progress of compensation, support and resettlement; the maximum level of advance capital as required must not exceed the compensation, support and resettlement plan approved by the competent authority; Review the provisions on advance capital in signed and implemented contracts, ensuring compliance with the provisions of law on contract management and advance capital; strictly and effectively manage and use advance capital for the right purpose and for the right subjects according to the provisions of the contract.

For ongoing projects with remaining advances that have not been recovered: continue to monitor and urge units to promptly implement and accept completed volumes to recover advanced capital, ensuring that all are recovered when the disbursement value reaches 80% of the contract value...

For the State Treasury of Region I and the Department of Finance: The State Treasury of Region I is responsible for urging investors to comply with regulations on the recovery of advanced capital, coordinate with investors to inspect the advanced capital to recover unused or improperly used backlogs; inspect the advanced balance to ensure the recovery of all advanced capital according to regulations.

Every 6 months and every year, before July 10 of the planning year and before February 28 of the year following the planning year, prepare a report assessing the situation of advances and recovery of advanced capital and send it to the Department of Finance, in which the overdue advance balance that has not been recovered up to the reporting time is specifically classified, stating the reasons, difficulties and obstacles in the process of recovering the overdue advance balance and proposing handling measures according to regulations. The Department of Finance is responsible for urging the City's departments, branches; People's Committees of districts, towns and cities to take measures to recover overdue advanced capital for projects managed by the City's departments, branches; People's Committees of districts, towns and cities according to regulations.

Source: https://kinhtedothi.vn/ha-noi-tang-cuong-quan-ly-tam-ung-von-dau-tu-cong-nguon-ngan-sach-nha-nuoc.html