Hoa Binh has also met with agency heads to ensure projects stay on target and to cut public investment capital for those that are behind schedule, that could become a drag on effective disbursement.

Ngoi Hoa port in Suoi Hoa commune (Tan Lac) is invested and built, contributing to promoting tourism development of Hoa Binh lake.

The province's 2022 state budget investment plan was assigned by the Prime Minister in Decision No. 2048/QD-TTg, dated December 6, 2021 with a total capital of 3,393.9 billion VND.

The amount of capital assigned by the Provincial People's Council in Resolution No. 61/NQ-HDND dated December 9, 2021 was 4,192.8 billion VND, including investment capital in balance according to the criteria of 577.39 billion VND; lottery revenue 13.47 billion VND; revenue from land use 1,597.4 billion VND; and other investment capital was 400 billion VND. Compared to the previous year, investment capital from allocated lottery revenue increased by 1.47 billion VND, other investment capital increased by 400 billion VND. Revenue from allocated land increased by 397.4 billion VND.

The efficient disbursement of public investment plays an important role in economic recovery and development. The Provincial People's Committee has assigned capital to departments, branches, and localities to be effective in implementing programs and projects.

By the end of March, the province allocated and assigned investment plans totaling 4,192.8 billion VND for projects, reaching 124% of the capital plan assigned by the Prime Minister. The Provincial Council approved the capital plan as it was laid out.

At the same time, the Provincial People's Committee requested efficient disbursement of the funds as critical to their success.

As of March 25, the total disbursed public investment was 521.8 billion VND, accounting for 15% of the capital assigned by the Prime Minister, and 12% assigned by the Provincial People's Committee to the projects.

Specifically, the investment capital in the provincial budget balance disbursed 451.7 billion VND, reaching 17% of the capital plan that the Provincial People's Committee assigned to the projects. Looking at the investment capital according to criteria, disbursement quota reached 24 %, land use revenue reached 14%, other investment capital reached 21%. The lottery funding source has yet to be disbursed.

Central budget capital (domestic capital) disbursed 62.226 billion VND, reaching 6% of the planned amount of capital assigned by the Provincial People's Committee.

Foreign capital (ODA) disbursed 7.8 billion VND, contributing to 2% of the allocated capital plan./.

Related Topics

Public investment fuels infrastructure breakthroughs in Hoa Binh's transformation journey

Public investment paves way for breakthrough development in Hoa Binh

Hoa Binh tourism is estimated to welcome over 3 million visitors

Total policy credit outstanding balance reaches over 5,670 billion VND

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