Approving the Resolution on giving opinions on the medium-term public investment plan for the period 2021-2025

At the 21st session, term XVII, term 2016 - 2021, the People's Council of Nghe An province approved the Report on the implementation of the medium-term public investment plan for the period 2016-2021, the draft medium-term public investment plan for the period 2021-2025 and the Resolution on giving opinions on the medium-term public investment plan with State budget capital for the period 2021-2025 of Nghe An province.

Panorama of the 21st session of the 17th Provincial People's Council, term 2016-2021. Photo: Pham Bang

According to the report of the Provincial People's Committee, the total medium-term public investment capital plan for the period 2016-2020 assigned to Nghe An province is 21,267.247 billion VND. Of which, the central budget source is more than 14,049 billion VND; the local budget source is more than 7,217 billion VND. The province has arranged more than 20,056 billion VND, reaching 94.31% of the plan.

With the Medium-term Plan for the period 2016-2020 of public investment sources (including central and local budget sources), the province has implemented and completed putting into use many new projects and increased capacity in many fields. Thereby, contributing to the successful implementation of the province's 5-year socio-economic development goals and targets for the period 2016-2020.

Comrade Le Hong Vinh - Standing Vice Chairman of the Provincial People's Committee presented the Report on the Medium-term Public Investment Plan for the period 2021-2026. Photo: Pham Bang

According to the Prime Minister's expected capital announcement, the total state budget capital for the 2021 - 2025 period of Nghe An province is 39,154.4 billion VND. Of which, the central budget capital is 11,278.6 billion VND; investment capital in the local budget balance is 27,875.8 billion VND.

The report also clearly states the principles and criteria for allocating capital for public investment plans and the expected arrangement plan for public investment plans for 2021-2025 with the goal and orientation of focusing investment on key projects, close to the practical situation, paying attention to projects related to driving forces and urgent social security projects.

Provincial People's Council delegates vote to pass the Resolution. Photo: Pham Bang

After listening to the review report of the Standing Committee of the Provincial People's Council, the Provincial People's Council passed a Resolution on giving opinions on the Medium-term Public Investment Plan using State budget capital for the period 2021-2025 of Nghe An province. On this basis, the Provincial People's Committee will report to the Ministry of Planning and Investment and the Ministry of Finance for appraisal, and report to the Prime Minister for consideration and decision.

Chairman of the Provincial People's Council Nguyen Xuan Son emphasized that the Resolution is the basis for the Provincial People's Committee to continue implementing the processes and procedures according to the provisions of the Law on Public Investment in developing and implementing the medium-term public investment plan for the period 2021-2025./.