Assigning more than 6,863 billion VND of public investment capital from local budget in 2024

10:40, December 28, 2023

The Provincial People's Committee has just issued a decision on assigning public investment plans using local budget capital in 2024.

Accordingly, the Provincial People's Committee assigned a plan of more than VND 6,863 billion in basic construction investment capital from the local budget in 2024 to departments, branches, sectors, People's Committees of districts, towns and cities (referred to as District People's Committees), and investors.

Of which, the central source is more than 2,782 billion VND (including: domestic development investment balance capital of more than 913 billion VND, land use fee revenue of 1,700 billion VND, lottery revenue of 135 billion VND, local budget deficit capital of 24 billion VND); the provincial source is more than 4,081 billion VND (including: domestic development investment balance capital of more than 913 billion VND, land use fee revenue of 2,976 billion VND, lottery revenue of 140 billion VND, revenue from sale of state-owned houses of 18 billion VND; local budget deficit capital of 24 billion VND).

The contractor is constructing the roadbed of the Khanh Hoa - Buon Ma Thuot Expressway Project, component 3 (section through Krong Pac district).

The contractor is carrying out construction of a number of items of the Khanh Hoa - Buon Ma Thuot Expressway Project, component 3 (section through Krong Pac district).

The Provincial People's Committee assigned the Department of Planning and Investment to preside over and advise the Provincial People's Committee on allocating detailed lists of works and projects according to the provisions of the Law on Public Investment; allocating detailed lists of projects to be announced later, unallocated amounts before June 30, 2024 and monitoring, inspecting and urging the implementation of the plan.

The Department of Finance guides the payment, disbursement and settlement of capital for basic construction investment according to regulations; coordinates with the Provincial State Treasury to periodically report on the disbursement status of projects according to regulations.

The Provincial State Treasury ensures capital sources for payment of projects when disbursement conditions are met, closely coordinates with investors to handle arising problems, and shortens the time for controlling expenditures.

The District People's Committee submits to the People's Council of the same level the 2024 public investment plan with additional capital from the district budget according to the decision assigned by the Provincial People's Committee, ensuring the progress of implementation and promoting the effectiveness of the 2024 investment capital plan.

At the same time, carry out the contents within the authority as prescribed by the Law on Public Investment; direct investors and coordinate with relevant local units to properly carry out compensation, site clearance and resettlement (if any) for investment projects in the locality, promptly handle difficulties and problems to ensure disbursement progress as prescribed.

Based on the capital level of the projects assigned by the Provincial People's Committee, organize implementation and periodically report on the implementation status of the plan. Publicly disclose information about the investment project at the project implementation location and at the headquarters of the People's Council and People's Committee where the project is located so that local people can know and participate in inspection and supervision according to regulations.

For investors, based on the capital level of the projects assigned by the Provincial People's Committee, organize implementation; be responsible for carrying out investment preparation, project implementation and disbursement of capital plans for programs and projects assigned by the Provincial People's Committee according to regulations.

Kha Le

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