Nghe An allocates 200 billion VND from increased revenue and expenditure savings for 15 public investment projects
The above plan to supplement the 2024 public investment plan has just been approved by the Standing Committee of Nghe An Provincial Party Committee at the regular meeting in May 2024.
Accordingly, from the source of increased revenue and savings in local budget expenditure in 2023 of 200 billion VND, Nghe An province will allocate for 15 projects, including 1 ODA counterpart project of more than 12.3 billion VND; 10 projects transferred according to schedule of nearly 136 billion VND and 4 new projects in 2024 of nearly 52 billion VND.
Projects allocated capital must be part of the medium-term public investment plan for the period 2021-2025 from the local budget and still have the medium-term plan limit for allocation.
capital.
The allocated capital level must be consistent with the implementation and disbursement capacity in 2024 (the supplemented project must commit to disbursing all of the assigned 2024 plan and the proposed additional 2024 plan) and not exceed the remaining medium-term public investment plan limit for the 2021-2025 period.
Projects are allocated capital in the following order of priority: Priority is given to allocating counterpart capital for ODA projects and preferential loans from foreign donors; priority is given to transitional projects according to schedule and new projects in 2024 to be completed and put into effective use soon.
For completed projects, overdue projects, projects that are due to have sufficient capital allocated to complete in 2024 but have not yet allocated enough capital, the reasons have been summarized, explained, and reported to the Provincial People's Council for permission to extend the capital allocation period to 2025 in Resolution No. 62/NQ-HDND dated December 7, 2023. Therefore, only consider capital allocation for projects that have, up to now, well disbursed the assigned 2024 plan, and have the need and ability to disburse additional capital.
After the Provincial Party Standing Committee approved the policy, at the 20th Session held on June 7, the Provincial People's Committee will submit to the Provincial People's Council for consideration and issuance of a Resolution on supplementing the 2024 public investment plan from sources of increased revenue and savings in local budget expenditures in 2023.
