Nghe An's total state budget investment in 2023 is more than 9,033 billion VND

On the morning of December 9, continuing the program of the 11th Session of the 18th Provincial People's Council, term 2021-2026, the Provincial People's Council discussed, reviewed and approved the draft Resolutions.

Panorama of the 11th session of the 18th Provincial People's Council, term 2021-2026 on the morning of December 9. Photo: Thanh Cuong

At the meeting, the Provincial People's Council reviewed and approved the draft Resolution on the 2023 Public Investment Plan.

The viewpoint, goals and orientation of the public investment plan for 2023 are to closely follow and concretize the goals of the 2023 socio-economic development plan and the medium-term public investment plan for the 2021-2025 period; focusing on investing in key projects with connectivity and spillover effects on inter-regional and local development.

Infrastructure projects in transport, agriculture, rural areas, especially irrigation systems, health infrastructure, education... are important, have an impact on promoting growth, creating new momentum for economic development in the coming time.

Continue to overcome the situation of fragmented, scattered, dispersed, wasteful, and ineffective investment, improve the efficiency of public investment; Strengthen supervision, inspection, and remove difficulties and obstacles for projects to promote disbursement of public investment capital; have timely and strict forms of rewards and discipline.

Mr. Bui Duy Son - Secretary of the meeting presented the draft Resolution. Photo: Thanh Cuong

Promote disbursement of public investment capital, striving to achieve a disbursement rate of 95% -100% in 2023. In particular, allocate and disburse all capital sources of the socio-economic recovery and development program to ensure effective capital use, publicity and transparency.

The orientation of public investment in 2023 is to focus on investing in key and urgent projects with breakthroughs in socio-economic development to soon complete and put into use, promoting efficiency; Ensuring investment for sectors and fields according to Resolution No. 973 of the National Assembly Standing Committee, Decision No. 26 of the Prime Minister; focusing on prioritizing the arrangement of key and urgent projects in the fields of transport, irrigation, public infrastructure, etc.

Nghe An's total state budget in 2023 is 9,033.5 billion VND, of which 5,583.8 billion VND is put into concentrated public investment under the management of the province. Of which, the central budget source is 3,960.799 billion VND, including domestic capital of more than 3,664 billion VND and foreign capital of more than 295 billion VND.

Regarding domestic capital, the investment in key projects, regional linkages, and coastal roads is 800 billion VND; the capital for the Socio-Economic Recovery and Development Program is 748 billion VND; the capital for implementing the National Target Program is 1,180.753 billion VND; the remaining investment for sectors and fields according to Resolution 973 of the National Assembly Standing Committee is 936.1 billion VND.

Provincial People's Council delegates attending the meeting. Photo: Thanh Cuong

For local budget sources, it is 5,072,701 billion VND. Of which, domestic capital investment is 1,342,001 billion VND; Investment from land use revenue is 3,500 billion VND; Investment from lottery revenue is 26 billion VND; Investment from local budget deficit is 204.7 billion VND. Thus, local budget sources put into concentrated public investment are 1,623,001 billion VND.

The general allocation principle is consistent with the ability to balance public investment resources and the implementation and disbursement capacity of each project in 2023, ensuring that detailed allocation and assignment can be made to tasks and projects before December 31, 2022, thoroughly overcoming the situation of slow allocation and assignment of detailed plans to tasks and projects.

After allocating sufficient capital for projects in the above priority order, capital will be allocated to newly started projects that have completed investment procedures. In case investment procedures have not been completed in time, the Provincial People's Committee will direct units to complete investment procedures and allocate detailed capital plans for projects before December 31, 2022.

For projects completed and put into use before December 31, 2022, the transitional project has now exceeded the capital allocation time as prescribed, the transitional project must be completed in 2023 according to the capital allocation time using local budget capital but due to problems, capital has not been allocated or has not been allocated enough to complete in 2023, allowing the capital allocation time to be extended to the following year.

Delegates voting. Photo: Thanh Cuong

Also at the 11th Session, the Provincial People's Council approved the draft Resolution on the Central Budget Development Investment Capital Plan to implement 3 National Target Programs in 2023 in Nghe An province.

Of which, the National Target Program on New Rural Construction is 344.190 billion VND; the National Target Program on Socio-Economic Development for Ethnic Minorities and Mountainous Areas is 632.118 billion VND; the National Target Program on Sustainable Poverty Reduction is 204.445 billion VND.