Supplementing nearly 30.7 trillion VND for mid-term public investment plan

Deputy Prime Minister Le Minh Khai has assigned to increase the midterm public investment plan from the central budget for the period 2021-2025 by an additional amount of 30.683,441 billion dong from the general reserve.

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Deputy Prime Minister Le Minh Khai signed Decision No. 117 / QĐ-TTg on supplementing the mid-term public investment plan of the central budget for the period 2021-2025 from the corresponding general reserve source with the increase in central budget revenue in 2022.

The Deputy Prime Minister supplemented 30,683.441 billion VND for the mid-term public investment plan of the central budget for the period 2021-2025 from the general reserve source to ministries, central agencies, and People’s Committees of centrally-run provinces and cities (ministries, central and local authorities) in the enclosed Appendices to Decision No. 117 / QD-TTg.

At the same time, the Deputy Prime Minister assigned the list of projects and the amount of central budget capital allocated to each project that has completed the investment procedures, has reported to the National Assembly at the 5th extraordinary session, the 15th National Assembly for each project of ministries, central agencies, and localities in the Appendix attached to Decision No. 117 / QD-TTg.

Regarding the implementation of the mid-term public investment plan of the central budget for the period 2021-2025, the Deputy Prime Minister requested ministries, central agencies, and localities to base on the mid-term public investment plan of the central budget for the period 2021-2025, the list of projects and the amount of central budget capital allocated for each project in the mid-term public investment plan for the period 2021-2025 to announce or decide on the mid-term public investment plan for the period 2021-2025 to agencies, units using public investment capital, details of the list of projects and the amount of central budget capital allocated to each project as prescribed; use local budget capital, mobilize other capital sources to invest in completing projects on schedule and ensuring quality.

Expedite the completion of investment procedures, ensure conditions for allocating annual capital plans as prescribed in Article 53 of the Law on Public Investment; propose the 2024 capital plan to implement the project, submit to the Ministry of Planning and Investment, Ministry of Finance before February 28, 2024 to aggregate and report to the Prime Minister before reporting to the competent authority as prescribed in Resolution No. 112/2024/QH15 of the National Assembly.

Ministries, central agencies, and localities are responsible to the Prime Minister, inspection, examination, auditing agencies, and relevant agencies for the accuracy of the contents, report data, list of projects, and capital allocation for each project to ensure compliance with the law.

The Ministries of Planning and Investment, Finance, based on the functions and tasks assigned in state management of public investment, are responsible to the Prime Minister, inspection, examination, auditing agencies, and relevant agencies for the accuracy of the contents, report data, monitor the implementation of this Decision to ensure compliance with the law.

The Decision also sets a deadline for reporting implementation results and disbursing the mid-term public investment plan for the period 2021-2025.

According to regulations, report on the announcement or decision to allocate the mid-term public investment plan of the central budget for the period 2021-2025 to agencies, units using public investment capital to the Ministry of Planning and Investment, Ministry of Finance before February 10, 2024.

The implementation and disbursement of the mid-term public investment plan for the period 2021-2025 shall be carried out in accordance with the provisions of the Law on Public Investment, Decree No. 40/2020/ND-CP dated April 6, 2020 of the Government detailing the implementation of some provisions of the Law on Public Investment, Resolutions of the Government, and the directions of the Prime Minister.

P.V