Nghe An Provincial State Treasury improves efficiency in investment capital management
(Baonghean.vn) - Recovering advanced capital and recovering paid capital higher than the approved settlement value to ensure proper use of capital, avoiding loss and waste, are important contents in investment capital management at the State Treasury of Nghe An province.
Mr. Ton Thien Son - Head of Expenditure Control Department, Nghe An Provincial State Treasury said: In recent years, Nghe An Provincial State Treasury has had many solutions to contribute to recovering advances and capital paid higher than the approved settlement value such as: Proactively reviewing advance data of each project; Urge investors to comply with regulations on recovering advances and capital paid higher than the approved settlement value; Coordinate and exchange information with the Department of Finance to advise the Provincial People's Committee on handling measures... The synchronous implementation of the above solutions has promoted the effectiveness of capital use, accelerated the progress of project completion, and contributed to the implementation of socio-economic development goals in the locality.
As a result, from the beginning of the year to June 30, 2023, 2,162 billion VND has been recovered in advance; the recovered paid capital is 2.3 billion higher than the approved settlement value. However, the recovery of advances and paid capital still faces many difficulties. The amount of capital that must be recovered in advance is 32.7 billion VND higher than the approved settlement value. The balance of advances is 5,761 billion VND. Of which, overdue advanced capital, lasting for many years, is 69,441 billion VND.
The reason is that some investors have not had drastic solutions to recover advanced capital, especially overdue advanced capital; there are no measures to recover capital paid higher than the approved and finalized value; the State does not have strong enough sanctions to handle investors and contractors who do not comply with regulations on investment capital management; some project management boards and investors have dissolved, contractors have gone bankrupt, projects have been postponed, not implemented, etc.
Mr. Nguyen Dinh Hoa - Director of the State Treasury of Nghe An province said: To effectively handle the work of recovering advances and recovering paid capital higher than the approved settlement value, the State Treasury of Nghe An province recommends a number of solutions: For investors, it is necessary to have drastic measures to recover paid capital higher than the approved settlement value, the amount of capital advanced according to regulations and be responsible for the advances that cannot be recovered; compile a list and consider when participating in bidding with contractors who do not return the paid capital higher than the approved settlement value. For the superior agency of the investor, take the criteria of the results of recovering advances and recovering paid capital higher than the approved settlement value as the criteria for annual evaluation and emulation comments"
"In addition, the Provincial People's Committee needs to have sanctions for investors with outstanding advances for many years and who have not recovered capital paid higher than the approved settlement value," Mr. Nguyen Dinh Hoa shared.
