Nghe An proposes to recover public investment capital for 60 projects

Disbursement rate reached 95.9%

According to the report of the Provincial People's Committee, the total public investment plan focusing on local budget sources in 2021 is more than 1,587 billion VND; of which the capital plan of previous years extended to 2021 is more than 106 billion VND; the capital plan in 2021 is more than 1,480 billion VND.

The disbursement result of the public investment plan focusing on local budget sources in 2021 is more than 1,522 billion VND, reaching 95.9%. Of which, the disbursement result of the capital investment plan in previous years extended to 2021 is more than 96.5 billion VND, reaching 90.63%; the disbursement result of the capital plan in 2021 is nearly 1,426 billion VND, reaching 96.28%.

Disbursement rate in 2021 reached 95.9%. Illustration photo: Mai Hoa

Proposal to recover capital from 60 projects

Pursuant to Clause 5, Article 101 of the 2019 Law on Public Investment, the 2020 public investment capital plan is allowed to be implemented and disbursed in accordance with the provisions of the Law.Invest2014 public investment plan in Clause 1, Article 76: The time for implementation and disbursement of capital for the medium-term public investment plan of the previous period shall be until December 31 of the first year of the medium-term public investment plan of the following period; the time for disbursement of the annual public investment plan shall be extended to the following year. In special cases permitted by competent authorities, the disbursement time shall be extended but not exceeding the medium-term public investment plan.

Thus, the implementation time and disbursement of capital planpublic investment2020 must not be extended beyond December 31, 2021. Therefore, the Provincial People's Committee proposes that the Provincial People's Council approve the policy of recovering the remaining undisbursed capital for works and projects to allocate capital to projects that need to speed up progress.

Specifically, there are 19 projects in the 2020 plan that have extended the implementation and disbursement period to 2021, but have not fully disbursed the target, and are requested to recover the remaining undisbursed capital with a total capital of nearly 10 billion VND.

An irrigation project under construction. Illustration photo: Mai Hoa

Regarding the 2021 public investment plan, Clause 2, Article 68 of the 2019 Law on Public Investment stipulates: The implementation and disbursement period of the annual public investment plan is until January 31 of the following year. In case of force majeure, the Prime Minister decides on the central budget capital, and the Provincial People's Council decides on the local budget capital to allow an extension of the implementation period, but not beyond December 31 of the following year.

The scope of projects allowed to be extended are important national projects; compensation, resettlement support, and site clearance projects; projects with capital plans arranged to be completed and put into use in the planning year but with capital planned for the following year; projects with additional investment plans from sources of increased revenue, expenditure savings, state budget surplus, and annual state budget reserves but not yet permitted by competent authorities to disburse in the following year; projects whose progress is affected by natural disasters, catastrophes, epidemics, or objective causes that cannot be foreseen and cannot be overcome despite the application of all necessary and permissible measures; projects of representative agencies and other agencies of Vietnam abroad; Ministries, central agencies, and localities that have only one project in the planning year or do not make plan adjustments.

Construction of traffic infrastructure project. Illustration photo: Mai Hoa

Based on the above regulations on projects allowed to be extended, the Provincial People's Committee proposed the Provincial People's Council to allow the extension of the implementation period and disbursement to 2022 for 8 projects with remaining capital of more than 55 billion VND.

There are 2 projects with remaining undisbursed capital of more than 8.1 billion VND, of which the proposal is to allow the extension of nearly 2.3 billion VND and the remaining amount is proposed to be recovered.

There are 39 projects with a capital of nearly 34 billion VND that are not allowed to be extended and are proposed to recover the remaining undisbursed capital.

Thus, for the 2021 public investment plan, there are a total of 49 projects that have not fully disbursed their targets with the remaining undisbursed capital being more than VND 55 billion; of which it is proposed to extend by more than VND 15.3 billion and recover more than VND 39.7 billion.

In total, the 2020 investment plan extended to 2021 and the 2021 public investment plan have a total of 68 projects; of which 8 projects are allowed to extend the implementation period and 60 projects request to recover the remaining capital of nearly 50 billion VND. From the recovered capital, the Provincial People's Committee proposed a plan to allocate investment capital for 7 works and projects.

The Economic - Budget Committee of the Provincial People's Council conducted an examination of the draft resolution on handling the remaining undisbursed capital under the public investment plan from the local budget in 2021 and 2020 extending to 2022 on the afternoon of March 18, 2022. Photo: Mai Hoa

The Provincial People's Committee has drafted a resolution on handling the remaining undisbursed capital of the 68 above-mentioned projects and works, proposing a plan to handle the remaining undisbursed capital under the public investment plan from the local budget in 2021 and 2020, extending to 2022, to submit to the Provincial People's Council for consideration and decision.

Based on the contents submitted by the Provincial People's Committee, the Economic - Budget Committee of the Provincial People's Council has reviewed the draft resolution with high consensus to report to the Standing Committee of the Provincial People's Council to include it in the agenda of the 5th session of the 18th Provincial People's Council, term 2021 - 2026, scheduled to be held on March 25, 2022./.