At the meeting, representatives of departments, committees, branches and localities discussed the allocation of capital, feasibility of medium-term public investment works and projects in the 2021-2025 period. According to Resolution no. 29/2021/QH15 of the National Assembly, it is expected to allocate over 49,562 billion VND of capital to balance the local budget and over 2,621 billion VND of Central budget capital for the medium-term public investment plan for the 2021-2025 period in Binh Duong province. However, based on the local reality, the Provincial People's Committee submitted to the Provincial People's Council to allocate capital to balance the local budget over 69,562 billion VND, with 244 projects implemented.
Mr. Mai Ba Truoc – Director of the Department of Planning and Investment reports on the medium-term public investment plan for the 2021-2025 period and the public investment plan in 2022
The allocation of public investment capital from the local budget in the 2021-2025 period must serve the implementation of the province's development goals and orientations; prioritize allocating capital for key projects, transport projects that connect, have inter-regional impacts, and are meaningful in promoting socio-economic development.
On that basis, the Provincial People's Committee proposed the Provincial People's Council to agree on a general reserve ratio higher than the national average to ensure the realization of investment objectives in important transport projects of the province; capital has not been allocated for the implementation of a number of projects that have already been approved with investment policies and are eligible to allocate capital for implementation in the medium term but have not yet been approved. At the same time, continuing to focus on preparing for investment projects of Ring Road 3, Ring 4, Ho Chi Minh - Thu Dau Mot - Chon Thanh Expressway in accordance with the form of investment, investment capital and investment progress of the pre-feasibility study report after it is approved by the National Assembly.
Particularly in 2022, Binh Duong is expected to allocate over 8,579 billion VND of local budget capital, implementing 113 projects.
Mr. Pham Van Chanh - Chairman of the Provincial People's Council concludes the meeting
Concluding the meeting, Chairman of the Provincial People's Council Pham Van Chanh suggested localities to review and balance capital to implement effective works and projects in the situation of limited capital; in which priority is given to key and urgent projects and works. Depending on the specific situation of each year, to allocate from the reserve source (about 29,500 billion VND) to the Project Management Units and localities accordingly. At the same time, localities need to calculate and develop a general plan to create a basis for attracting investment and mobilizing capital to increase resources for the province. Based on comments at the meeting, the Department of Planning and Investment completes the content of the Plan for the Provincial People's Committee to submit to the Provincial Standing Party Committee for comments.
Reported by Phuong Chi-Translated by Nguyen Trang