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Lack of capital for cultural and sports projects

Báo Sài Gòn Giải phóngBáo Sài Gòn Giải phóng16/05/2023


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Although the Department of Culture, Sports and Tourism actively proposes projects in the field of culture and sports , the capital allocated by Ho Chi Minh City for the projects is very limited.

On the afternoon of May 16, Vice Chairman of the Ho Chi Minh City People's Council Nguyen Van Dung headed the delegation to supervise the implementation of public investment work in the 2021-2025 period for the Department of Culture, Sports and Tourism and the Department of Agriculture and Rural Development.

Lack of capital allocated for cultural and sports projects photo 1

Supervising medium-term public investment work for the Department of Culture, Sports and Tourism and the Department of Agriculture and Rural Development. Photo: MAI HOA

Deputy Director of the Department of Culture and Sports Vo Trong Nam reported that up to now, the Department has been allocated a medium-term capital plan for the period 2021-2025, including 48 projects. Of these, 7 projects were completed in the previous period, and the Department is requesting capital allocation for final settlement; 10 are transitional projects; 12 new projects are allocated capital to establish investment preparation tasks. There are 19 projects invested by Thu Duc City and other districts and units, of which 3 are transitional projects, and 16 new projects are allocated capital to establish investment preparation tasks.

Notably, from 2020 to present, the Department of Culture, Sports and Tourism has proactively coordinated with units to propose a list of 71 projects that need capital allocation for implementation, of which the priority proposal for the 2021-2025 period is estimated at about 6,794 billion VND.

However, up to now, the Culture and Sports sector has only been allocated additional medium-term capital for the period 2021-2025 for newly implemented investment projects, including 28 projects/71 projects with a total cost of 5.14 billion VND. In 2023, the Department proposed 9 projects that needed capital allocation in the year, but the Department has only been allocated capital for the first phase with 5 projects.

Meanwhile, Deputy Director of the Department of Agriculture and Rural Development Nguyen Xuan Hoang said that in the 2021-2025 period, the Department of Agriculture and Rural Development was assigned to manage 54 projects with a total investment of more than VND 10,000 billion. Of which, 23 projects were transferred from the previous period, 9 projects were preparing for investment and 22 projects were preparing investment proposal reports to submit for investment policy approval. In total, the Department's medium-term capital plan for the period is more than VND 1,400 billion, with the cumulative disbursement rate reaching 31.8% to date.

In 2021, the Department disbursed 98%, in 2022 it disbursed 63% (due to the capital for compensation and site clearance that has not been paid yet). In 2023, the Department was assigned more than 455 billion VND in capital, and to date, it has disbursed nearly 28 billion VND (6%).

Lack of capital allocated for cultural and sports projects photo 2

Vice Chairman of the Ho Chi Minh City People's Council Nguyen Van Dung speaks at the supervision session. Photo: MAI HOA

Delegate Le Truong Hai Hieu acknowledged the lack of capital allocated for projects, while the approved projects are all meaningful and contribute to the overall development. However, these projects have not been prioritized for capital allocation in the past.

The representative of the Department of Agriculture and Rural Development pointed out a difficulty in site clearance when implementing projects on the Saigon River embankment, which is that finding landowners along the river is very difficult. Recently, due to the implementation of the Ring Road 3 project, the compensation committees of the localities have been strengthened. Thanks to that, the compensation work has been accelerated.

Vice Chairman of the Ho Chi Minh City People's Council Nguyen Van Dung said that through monitoring at the two departments, it can be seen that the demand for public investment is very large but the city's conditions are limited, so it can only be arranged within its own resources. In that context, according to the delegate, the equally important story here is the disbursement of public investment capital. Therefore, units need to focus on accelerating the disbursement work to meet the requirements of Ho Chi Minh City (over 95%).



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