Review and cut capital plans for slowly-implemented projects to reallocate funds to well-performing, capital-demanding projects.
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Deputy Prime Minister Nguyen Hoa Binh signed Decision No. 1508/QD-TTg to assign the 2025 state budget investment plan and hand over estimates and public investment plans financed by central budget revenue increases, along with extended implementation and disbursement durations for central budget capital plans.
The decision assigns the 2025 state budget investment plan to ministries, central agencies, and the People’s Committees of provinces and centrally-run cities.
Specifically, it hands over estimates and public investment plans financed by central budget revenue increases in 2022, 2023, and 2021, along with extended implementation and disbursement durations for central budget capital plans.
– It assigns public investment plans and estimates for 2025, financed by central budget revenue increases in 2022, to ministries, central agencies, and localities to carry out tasks and projects included in the medium-term public investment plan for 2021-2025, which have been approved for funding from the general reserve as per the Government’s Report No. 652/BC-CP dated October 17, 2024.
– It assigns the medium-term public investment plan for 2021-2025 and estimates and public investment plans for 2025, financed by central budget revenue increases in 2023, to ministries, central agencies, and localities to carry out tasks and projects that meet investment procedures as per the Government’s Report No. 652/BC-CP dated October 17, 2024.
– It assigns estimates and public investment plans for 2024, financed by increases, cuts, and savings in central budget capital in 2021, which remained after implementing the policy of supporting housing rentals for employees under the socio-economic recovery and development program, to ministries and central agencies, and adjusts information on two projects of the Ministry of Health to carry out projects that meet investment procedures prescribed by law and are included in the socio-economic recovery and development program as per the Government’s Report No. 652/BC-CP dated October 17, 2024.
– It assigns estimates and public investment plans for 2025, financed by central budget revenue increases in 2021, to localities to implement three key national projects under Resolutions No. 58/2022/QH15, No. 59/2022/QH15, and No. 60/2022/QH15.
– It extends the implementation and disbursement duration of capital plans under the socio-economic recovery and development program and from central budget revenue increases in 2022 that have not been fully disbursed until December 31, 2025, for tasks and projects.
Focusing on allocating the 2025 central budget investment plan, avoiding scattering resources
The Deputy Prime Minister requested that, based on the assigned 2025 state budget investment plan, estimates, and public investment plans financed by central budget revenue increases, along with extended implementation and disbursement durations for central budget capital plans, heads of ministries, central agencies, and chairpersons of the People’s Committees of provinces and centrally-run cities, allocate the 2025 central budget investment plan in a focused manner, avoiding scattering and fragmentation.
Review and cut capital plans for slowly-implemented projects to reallocate funds to well-performing, capital-demanding projects, giving priority to key national projects, important projects, expressways, connecting projects, inter-regional projects with significant impacts on socio-economic development, and projects capable of absorbing capital, in accordance with regulations. Ensure full disbursement of allocated capital; send reports to the Ministry of Planning and Investment and the Ministry of Finance, and promptly update allocation and adjustment results on the National Public Investment Information System for monitoring and control of disbursement.
Uphold discipline in public investment, strengthen inspection and supervision of task performance by relevant individuals and units, and personalize responsibility of leaders in case of slow disbursement. Associate the performance assessment and ranking of individuals and units with the disbursement progress of each project. Promptly replace, transfer, or strictly handle violators or those who cause obstructions, shirk responsibilities, or work slowly, affecting capital allocation and disbursement. Strive for a minimum disbursement rate of 95% of the assigned plan in 2025; the disbursement rate is one of the important criteria for evaluating and ranking officials and civil servants at the end of the year.
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