Nghe An Provincial People's Committee approved draft Resolutions on capital adjustment and criteria for allocating public investment capital.

Attending the meeting were Mr. Hoang Viet Duong - Vice Chairman of the Provincial People's Council, Vice Chairmen of the Provincial People's Committee and members of the Provincial People's Committee. Photo: Pham Bang

The Provincial People's Committee has listened to and approved the draft Resolution on adjusting the plan.public investment2019 extended to 2020 and the 2020 public investment plan is associated with adjustments to the 2016-2020 medium-term public investment plan.

The draft has 3 groups of adjustments, including: Adjusting the 2019 public investment plan extended to 2020 associated with adjustmentsmedium-term public investment plan 2016-2020;Adjust the 2020 public investment plan in conjunction with adjusting the 2016-2020 medium-term public investment plan and transferring and allocating planned capital, investment preparation (unallocated capital) and unallocated recovered capital.

Mr. Nguyen Xuan Duc - Acting Director of the Department of Planning and Investment presented the draft Resolutions. Photo: Pham Bang

Speaking at the meeting, Vice Chairman of the Provincial People's Council Hoang Viet Duong basically agreed with the adjustment plan and suggested that it is necessary to clarify the responsibilities and reasons why projects were withdrawn or delayed. When allocating increased capital for projects, it is necessary to clarify the appropriateness, with priority given to projects that need capital to repay debts, are weak, and are urgent.

Chairman of the Provincial People's Committee Nguyen Duc Trung said that the adjustment aims to allocate capital for transitional projects, projects with disbursement capacity and important projects to focus on completion and effective use. Projects with increased adjustment must focus on disbursing all capital according to plan.

Comrade Hoang Viet Duong - Vice Chairman of the Provincial People's Council spoke at the meeting. Photo: Pham Bang

The Provincial People's Committee also listened to the Acting Director of the Department of Planning and Investment present the draft Resolution on promulgating regulations on principles, criteria and norms for allocating public investment capital from the state budget for the 2021-2025 period in Nghe An province.

The purpose of issuing the above regulation is to serve as a basis for making medium-term and annual investment plans for the State budget for the period 2021-2025 of departments, branches, sectors, People's Committees of districts, cities and towns, and units using State budget capital in Nghe An province. At the same time, it is a basis for managing, supervising, inspecting and examining the implementation of medium-term and annual investment plans.

Standing Vice Chairman of the Provincial People's Committee Le Hong Vinh clearly identified the characteristics of each region and each field to build a suitable set of criteria, ensuring effective implementation in practice. Photo: Pham Bang

The development and promulgation of the Resolution on creating resources to encourage regional development, including focusing on key economic regions according to the Resolution of the Provincial Party Congress, while calculating to ensure a reasonable balance for mountainous regions, ethnic minority regions and disadvantaged regions, contributing to gradually narrowing the gap in economic development level, income and living standards of people between localities in the province.

The Chairman of the Provincial People's Committee assigned the Department of Planning and Investment to receive opinions from members of the Provincial People's Committee and Vice Chairman of the Provincial People's Council to complete the draft Resolutions and seek opinions from the Standing Committee of the Provincial Party Committee before submitting them to the Provincial People's Council for consideration.

"The most important thing is to organize the implementation to achieve the highest efficiency with the perspective of arranging capital in a focused, key manner, not spreading it out," the Chairman of the Provincial People's Committee emphasized.

Comrade Nguyen Duc Trung - Chairman of the Provincial People's Committee concluded the meeting. Photo: Pham Bang

At the meeting, the Provincial People's Committee also listened to and approved the draft Resolution stipulating a number of specific mechanisms and policies to support Nam Dan district in socio-economic development in the 2021-2025 period.

According to the draft, Nam Dan district will enjoy 100% of land use fees in the district (except for land fees for real estate projects) and will be regulated according to the following ratio: District People's Committee budget enjoys 70%; Commune and Town People's Committee budget enjoys 30% to arrange capital sources for investment in essential projects and works in the district.

A corner of Sen Village, Kim Lien Commune, Nam Dan District. Photo: Sach Nguyen

In addition, Nam Dan district is supported with 3,000 tons of PCB40 cement/year to upgrade and build rural roads in the direction of cultural development associated with tourism in the period of 2021-2025, with an estimated cost of about 5,034 million VND/year.