Agreed to submit to the People's Council of Nghe An province for consideration and issuance of the investment policy for the 287 billion VND project to upgrade the 'road of suffering' in Quy Hop district.

On the morning of November 27, the Economic - Budget Committee of the Provincial People's Council held a meeting to review draft resolutions and reports on the economic - budget field, to be submitted to the 17th session of the Provincial People's Council for the 2021 - 2026 term, held in early December 2023. Comrade Cao Tien Trung - Standing Member, Head of the Economic - Budget Committee of the Provincial People's Council chaired the review meeting.

Attending the review meeting were comrades: Nguyen Nam Dinh - Member of the Provincial Party Standing Committee, Permanent Vice Chairman of the Provincial People's Council; Nguyen Nhu Khoi - Member of the Provincial Party Executive Committee, Vice Chairman of the Provincial People's Council; leaders of the Provincial People's Committee and provincial departments and branches.

Examining the draft Resolution on the investment policy for the project to renovate and upgrade provincial road 532 in Quy Hop district, members of the Economic - Budget Committee of the Provincial People's Council agreed to submit to the Provincial People's Council the project investment policy to improve travel conditions for people, serve production, meet the requirements of increasing transport capacity in the long term, ensure traffic safety, enhance trade, exchange of goods, promote socio-economic development of Quy Hop district and neighboring areas.

Provincial Road 532 is 28 km long, passing through 5 communes of Quy Hop district: Chau Loc, Lien Hop, Chau Tien, Chau Hong and Chau Thanh; connecting National Highway 48C and National Highway 48D; invested in construction since the 80s of the last century, now degraded.

According to the draft resolution, this route will be upgraded to meet the standards of a grade 5 mountainous road, paved with asphalt concrete; total investment capital is 287 billion VND.

Specifically, the capital structure includes: Provincial budget source, from the source of adjusting the reduction of the medium-term public investment plan for the period 2021 - 2025 of the coastal road project, from Nghi Son (Thanh Hoa) - Cua Lo (Nghe An) is 83 billion VND; provincial budget source from compensation, site clearance, targeted additional support from the Central Government, source of increased revenue, annual provincial budget savings, with a total of 204 billion VND.

In addition to agreeing with the investment policy, the Economic - Budget Committee of the Provincial People's Council also requested the Provincial People's Committee and the Department of Finance to pay attention to balancing the budget to ensure capital sources for the Project to renovate and upgrade Provincial Road 532 in Quy Hop district on schedule.

At the meeting, the Economic - Budget Committee of the Provincial People's Council also examined the draft resolution on giving opinions on adjusting the investment policy for the Project of the working headquarters of the Party Committee of the Provincial Agencies Bloc of Nghe An.

Accordingly, the project was adjusted to increase capital to invest in additional fire prevention and fighting items, including plasterboard walls and partitions to prevent smoke and fire spread on floors; fire doors for floors in corridors; installation of outdoor emergency stairs and fire prevention and fighting equipment.

The Economic - Budget Committee of the Provincial People's Council also reviewed draft resolutions and reports in the field of finance - budget, including the report on the State finance of Nghe An province in 2022; report on the 2022 budget settlement, the implementation of the 2023 budget revenue and expenditure estimates and the 2024 budget allocation plan; draft Resolution approving the local budget revenue settlement, the local budget settlement in 2022; draft Resolution approving the local state budget revenue and expenditure estimates and the local budget allocation plan in 2024.

The issues raised by the meeting members were some concerns, suggesting that the Provincial People's Committee and the Department of Finance pay attention to management in 2024 such as: Total budget revenue in 2023 is lower than in 2022, in which there are many difficult factors; budget expenditure for development investment is low compared to total budget expenditure in 2023; attention to solutions to recover tax arrears...