Support project investment for areas with difficulty in balancing the budget

On the morning of March 27, the Executive Committee of the Hanoi Party Committee, 17th tenure, held a thematic conference to review and give opinions on important contents; including adjusting the 2024 Public Investment Plan and updating and adjusting the 5-year medium-term public investment plan 2021-2025 at the city level.

At the conference, Vice Chairman of the City People's Committee Duong Duc Tuan presented a summary report on adjusting the 2024 public investment plan and updating and adjusting the 5-year medium-term public investment plan 2021-2025 at the city level.

Vice Chairman of Hanoi People's Committee Duong Duc Tuan presented a report at the conference.

Accordingly, the 2024 plan is 81,033 billion VND, including: city level is 47,410 billion VND, district level is 33,102 billion VND and reinvestment expenditure for districts, towns from one-time land rent payment of 521 billion VND.

The city-level public investment plan for 2024 is 47,410 billion VND, of which 28,618 billion VND has been allocated so far, with 18,792 billion VND yet to be allocated in detail.

The plan to adjust and allocate the capital plan for 2024 is 12,078 billion VND from the planned capital source for tasks from the beginning of the year of 8,340.5 billion VND and adjust the reduction of the capital source for compensation and resettlement when the State acquires land (GPMB) to 3,737.5 billion VND for a number of tasks and projects.

In 2024, the Central Government assigned a public investment capital plan of VND 81,033 billion, 1.72 times higher than the plan for 2023. To accelerate the implementation of projects and increase the efficiency of capital use, the Party Committee of the Hanoi People's Committee proposed to continue allocating to tasks and projects from the site clearance source, the remaining capital after allocation is VND 4,941.8 billion to ensure capital needs (if any) in case of additional capital compared to the plan assigned to each project.

After adjusting the 2024 capital plan at the city level, there is still 6,714,008 billion VND left for tasks and projects. In addition, there is 521 billion VND of reinvestment spending for districts, towns and cities that has not been allocated in detail.

The city's annual public investment capital plan for the 2021-2024 period is currently 144,878 billion VND, accounting for 57% of the plan, the remaining amount to be arranged is 109,437 billion VND, accounting for 43% of the plan.

Regarding the allocation of the medium-term capital plan for Hanoi to date, it is 254,315.7 billion VND; the detailed allocation for tasks and projects is 242,732.7 billion VND, while 11,583 billion VND has not been allocated in detail. In addition, there are currently 167 projects that have approved investment policies but have not yet approved projects with the 2021-2025 medium-term capital plan having a balanced allocation of 30,921.3 billion VND.

Currently, many districts and towns have a need to supplement the list and medium-term capital plan for 5 years 2021-2025 with the city budget to support the implementation of school, medical, relic, and technical infrastructure projects. The Party Committee of the Hanoi People's Committee proposed to accept the policy to allow continued research and review of reports to the City Party Committee and the City People's Council to consider supplementing the city budget to support investment in a number of projects in areas with difficulties in balancing the budget: projects with seriously degraded relics, projects with seriously degraded items, prioritizing national-level relics; national-standard public schools in areas with a lower rate of qualified schools than the general level of Hanoi; a number of inter-regional, inter-district, and inter-route traffic routes to connect traffic infrastructure for socio-economic development in some localities with difficulties.

The support must be consistent with the completion of investment procedures of the projects, the ability to balance the supporting city budget and the certain counterpart budget of each district and town; ensuring fairness and transparency; the supported projects must be completed in the period of 2024 - 2025.

Regarding the budget of districts supporting districts in 2024, the Party Committee of Hanoi People's Committee proposed allowing 5 districts (Cau Giay, Hoan Kiem, Ba Dinh, Hai Ba Trung, Bac Tu Liem) to support 10 districts and towns (Ba Vi, Soc Son, Thanh Oai, Thuong Tin, Ung Hoa, Son Tay, Phuc Tho, Quoc Oai, Phu Xuyen, Chuong My) in the period of 2024-2025 with a budget of 213,658 billion VND for 19 projects.

Source