The National Assembly approved a reduction of more than VND24,594 billion in the 2021-2025 medium-term public investment plan assigned to the Ministry of Transport to transfer to localities.
On June 22, the National Assembly voted to pass a resolution on capital allocation for the economic recovery program; adjusting the medium-term public investment plan for the central budget for 2021-2025, with more than 96% of delegates in favor.
Accordingly, 10 localities will receive reduced public investment capital from the Ministry of Transport. Specifically, An Giang will receive VND4,928 billion. Can Tho, Ha Giang and Soc Trang will each receive VND3,200-3,700 billion.
Other localities such as Dong Nai, Ba Ria - Vung Tau, Khanh Hoa, Dak Lak, Dong Thap are about 1,410 - 1,976 billion VND. Capital for Tien Giang alone is 872 billion VND.
This year, the Ministry of Transport was assigned by the Government a public investment capital plan of more than VND 94,000 billion (VND 22,722 billion higher than the demand and capital absorption capacity of the projects).
In addition, delegates approved the plan to allocate the remaining VND444 billion of the national target program for socio-economic development in ethnic minority and mountainous areas to the Ministry of Education and Training.
The National Assembly also assigned the Prime Minister to review and allocate capital plans for projects with sufficient investment procedures, with over VND 62,364 billion in medium-term public investment for 2021-2025 allocated to ministries, agencies and localities.
National Assembly deputies press the button to pass the Resolution, June 22. Photo: Hoang Phong
Regarding the economic recovery program , the National Assembly agreed to allocate nearly VND13,370 billion of unallocated capital to 45 projects of ministries, branches and localities that have completed investment procedures.
In the previous group discussion, many delegates proposed to cancel this capital allocation due to the delay. However, the National Assembly Standing Committee said that these are projects that have completed investment procedures and are eligible for capital allocation plans. If they are not continued, it will affect socio-economic development.
The remaining VND53,000 billion of the 2021-2025 medium-term public investment plan, which has not yet been allocated in detail to projects, will be put into reserve. The National Assembly agreed to assign the Government to review and propose projects for the remaining VND37,300 billion and report to the National Assembly Standing Committee for comments to complete procedures and approve investment policies.
Also according to the Resolution, more than 1,208 billion VND of central budget capital this year from national target programs was poured into ministries, branches and localities.
However, the National Assembly requested the Government and ministries, branches and localities to clarify responsibilities and strictly handle relevant organizations and individuals who are late in reporting to the National Assembly Standing Committee on the plan to allocate the remaining capital of the medium-term public investment plan and the socio-economic recovery and development program.
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