(HBO) – Over the recent past, the People’s Committee of Hoa Binh city has directed local agencies, wards and communes to strengthen measures to manage and exploit income sources to avoid losses in State budget collection.

 

A project to upgrade provincial Road 435 crossing Hoa Binh city and Cao Phong district has received priority in public investment. Its progress is being sped up.

In the first four months of this year, total State budget collection of the city reached 153.8 billion VND (6.69 million USD), completing 28.74 percent of the yearly target, including 20.46 billion VND from land use tax, equivalent to 9.1 percent of the yearly estimate. Income from taxes and fees was 133.3 billion VND, fulfilling 43.29 percent of the yearly target. Besides, expenditure from the city's budget in the four months was 480.3 billion VND.

Currently, the municipal People’s Committee is managing 96 projects using public capital with total investment of over 3.07 trillion VND. The city has also been allocated 536.92 billion VND in 2021.

Specifically, the city is running two ODA projects with a combined capital of 312.52 billion VND, 12 projects using the provincial budget with a total capital of 45.8 billion VND, of which disbursement by the end of April reached over 1.3 billion VND, along with 82 projects using districts' budget with 2021 capital of 174.6 billion VND, of which 23.17 billion VND, or 13 percent, had been disbursed by the end of April./.

 


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