Nghe An: After the financial sector's settlement, 37 billion VND was saved.

The report of the Department of Finance shows: The total number of projects in 2018 that were reviewed and approved was 308, the total investment cost proposed for settlement was 1,936 billion VND, the total investment cost reviewed and approved was 1,899 billion VND. The amount of money saved was 37 billion VND after review and approval.

Construction of budget capital projects in Nghi Loc district. Photo: Illustrative document

The Department has directed localities and investors to make final settlements according to Directive No. 27/CT-TTg of the Prime Minister; Decision No. 1738/QD-UBND of the Provincial People's Committee on strengthening and promoting the settlement of investment capital for completed projects using State capital; Official Dispatch No. 4819/BTC-DT dated April 8, 2016 of the Ministry of Finance on thoroughly handling the backlog of final settlements for completed projects; Official Dispatch No. 13496/BTC-DT dated October 9, 2017 of the Ministry of Finance on thoroughly handling the backlog of final settlements for projects completed from 2005 to 2014 due to insufficient documents; Official dispatch 3208/STC-TCĐT dated October 23, 2017 of the Department of Finance on definitively handling the backlog of settlement of projects completed from 2005 to 2014 due to insufficient documents sent to districts, cities, towns and project management boards across the province for guidance on settlement and account closing according to the guidance of the Ministry of Finance.

The appraisal of budget estimates for regular expenditure projects is carried out promptly and closely following policies. During the year, the department appraised 23 regular expenditure projects for units, and 202 appraisal plans for selecting contractors for asset procurement.

Appraisal of bidding plans for regular procurement packages is timely and of high quality.

Mr. Ta Quang Thoan - Head of Investment Department of the Department of Finance said: The task in 2019 will be to minimize the number of projects with slow settlement; review and handle the settlement of projects that are delayed for a long time according to the payment schedule of the one-stop transaction center.

Directing the settlement of special projects with large total investment, including many independent items and assigned to many settlement appraisal officers. Continue to strengthen the inspection of the general investment financial management situation, the settlement of completed projects in the districts, project management boards, and investors.

At the same time, advise the Provincial People's Committee to direct all sectors and levels to actively resolve difficulties, create favorable conditions to help investors complete construction procedures, speed up project implementation progress, complete payment records to speed up disbursement progress, and successfully complete the investment capital plan.