Adjusting the 2023 public investment plan from local budget sources

19:22, 11/16/2023

On November 14, the Provincial People's Council issued Resolution No. 34/NQ-HDND on adjusting the 2023 public investment plan from local budget sources.

Accordingly, the total public investment capital in 2023 from the local budget is more than 3,965 billion VND. Of which, the central source for balancing domestic development investment capital is 905.5 billion VND; land use fee revenue is more than 2,398 billion VND; lottery revenue is 160 billion VND; local budget deficit capital is 54.4 billion VND; revenue shortfall from increased revenue and savings in 2021 and 2022 is 446.7 billion VND.

Regarding the plan to allocate public investment capital in 2023 from local budget sources, specifically as follows: the central source balances domestic development investment capital allocated for completed and transferred projects of more than 528.3 billion VND; counterpart funds for ODA projects of more than 13.8 billion VND; State support and incentive capital allocation for collective economy and cooperatives: 6 billion VND; site clearance costs (Khanh Hoa - Buon Ma Thuot Expressway Construction Project, Phase 1): more than 266.7 billion VND; capital for newly started projects: more than 58.4 billion VND; investment preparation capital for projects expected to start new construction in 2023 in the medium-term public investment plan for the period 2021 - 2025: more than 32.1 billion VND.

Construction of Provincial Road 12 Repair and Upgrade Project (Krong Bong District).

Construction of the project to repair and upgrade Provincial Road 12 (Krong Bong district). (Illustration photo)

Regarding the land use revenue source of more than 2,398 billion VND, of which the provincial level implemented more than 718.9 billion VND, arranged for land measurement and registration management costs (10%): more than 239.8 billion VND; Land Development Fund (10%): more than 239.8 billion VND; State support and incentive capital for collective economy and cooperatives: 8 billion VND; counterpart for the National Target Program on New Rural Development: 160 billion VND; counterpart for the National Target Program on Socio-Economic Development in Ethnic Minority and Mountainous Areas: more than 11.5 billion VND; targeted supplement for the district level on investment in education and training development: more than 42.3 billion VND; capital for completed and transitional projects: more than 17.2 billion VND. The district-level land use revenue source implemented more than 1,680 billion VND to arrange capital for district-level projects.

For capital from lottery revenue (160 billion VND), the counterpart arrangement for the National Target Program on New Rural Development: 20 billion VND; the counterpart for the National Target Program on Sustainable Poverty Reduction: more than 27.8 billion VND; capital for completed and transitional projects in the fields of education and training, health , and social affairs: more than 85 billion VND; targeted supplement for district level to invest in educational facilities according to decentralization: nearly 27.2 billion VND.

For the local budget deficit of 54.4 billion VND, if the province needs to borrow, it will arrange to re-borrow for ODA projects.

For the revenue shortfall compensation from increased revenue sources and expenditure savings in 2021 and 2022, it is 446.7 billion VND, allocating costs for site clearance for the Khanh Hoa - Buon Ma Thuot Expressway Construction Project (phase 1).

Kha Le

Source