Solution to recover advances and paid capital higher than settlement value

State Treasury (KBNN) Nghe An. Photo: PV

To promote the effectiveness of capital use and speed up the completion of projects, Nghe An State Treasury regularly coordinates with investors and Project Management Boards to promote the disbursement of investment capital, thereby contributing practically to the implementation of socio-economic development goals in the locality.

Nghe An State Treasury is one of the units implementing the disbursement of investment capital for the Cua Hoi Bridge project. Photo: Le Thang

Along with that, Nghe An State Treasury has had many solutions to recover advances and recover payment capital higher than the approved settlement value, which are: Proactively reviewing and analyzing advance data, regularly urging investors to recover advances and recover payment capital higher than the approved settlement value, periodically reporting to the Finance agency to advise the Provincial People's Committee to take timely direction measures; Implementing the Coordination Regulations in the management, payment and settlement of investment projects between the Department of Planning and Investment - Department of Finance - State Treasury, which clearly defines the responsibilities of the units... Thanks to that, in the first 3 months of 2022, Nghe An State Treasury has recovered 131.6 billion VND in advance capital; by the end of the first quarter of 2022, the amount of payment higher than the approved settlement value has been recovered, an amount of 24,719 billion VND, paid to the State budget.

Chairman of the Provincial People's Committee Nguyen Duc Trung visited and encouraged officials, civil servants and employees of the Provincial State Treasury. Photo: Pham Bang

Although achieving positive results in recovering advances and recovering payment capital higher than the approved settlement value, the work still has some difficulties and problems towards the efficiency of capital use, with the risk of causing loss and waste.

The main reasons are: Some investors have not paid due attention to recovering advances (especially recovering overdue advances for compensation for site clearance and site clearance), have not strictly complied with regulations on preparing reports assessing the situation of advances and recovering advances for investment capital for each project and sending them to the State Treasury and the superior agency of the investor; The superior agency of the investor has not linked the results of recovering advances and recovering payment capital higher than the approved settlement value with the results of the unit's task performance.

The Vinh Ancient Citadel Project is being implemented by the Provincial State Treasury to disburse investment capital. Photo: Hoang Vinh

Members of the Provincial State Treasury participate in voluntary blood donation in the program "Red Journey". Photo: PV

Mr. Thai Giap Cong - Head of Expenditure Control Department, Nghe An State Treasury said that to effectively handle the recovery of advances and capital payments higher than the approved settlement value, it is necessary to implement the following solutions:

For investors: Strictly comply with regulations on preparing reports assessing the situation of advance payment and recovery of advance payment of investment capital for each project and sending them to the State Treasury and the superior agency of the investor; enhance responsibility in recovering advance payment (especially long-term advances) and recovering payment capital higher than the approved settlement value.

For the investor's superior agency: Link the results of recovering advances and recovering paid capital higher than the approved settlement value with the evaluation of the unit's task performance results.

For relevant departments, agencies and branches: Effectively implement the contents according to the issued coordination regulations. Recommend that the Provincial People's Committee has sanctions to handle investors who are slow to recover advances and recover payments higher than the approved settlement value.