On July 21, the Government Office announced that Deputy Prime Minister Ho Duc Phoc signed Decision No. 1566/QD-TTg assigning the addition of development investment expenditure estimates and public investment plans for central budget capital in 2025 from the source of increased central budget revenue in 2024 to ministries, central and local agencies.
Accordingly, an additional VND 33,680 billion was allocated to the development investment expenditure estimate and the central budget public investment plan in 2025 from the increased central budget revenue in 2024 to:
Ministry of Construction; Ministry of Health; Hanoi National University; Vietnam Development Bank; Vietnam Expressway Corporation (VEC); and 16 provinces and cities: Tuyen Quang, Cao Bang, Quang Tri, Da Nang, Dak Lak, Dong Thap, Khanh Hoa, Tay Ninh, Dong Nai, Gia Lai, Hue, Lang Son, Ha Tinh, Nghe An, Hung Yen, An Giang.
The Deputy Prime Minister requested ministries, central and local agencies assigned to supplement the development investment expenditure estimate and the 2025 central budget public investment plan from the increased central budget revenue in 2024:
- Notify or decide to assign central budget capital investment estimates and plans to agencies and units using public investment capital in accordance with the provisions of law on state budget and public investment.
- Management and use of additional capital and funds for the right purposes, to the right subjects and in accordance with the provisions of the State Budget Law, the Public Investment Law and related legal provisions; use increased capital from the central budget in 2024 to invest in projects to ensure quality and progress; implement projects in accordance with the provisions of law; ensure efficiency, savings, and avoid loss, waste, corruption, and negativity.
- Use local budget capital, mobilize capital sources according to legal regulations to allocate enough remaining capital for the project compared to the total approved investment, ensure project completion on schedule, and promote investment efficiency.
- Direct relevant agencies and units to urgently complete project investment procedures according to the provisions of the Law on Public Investment and relevant specialized laws.
- The time for implementing and disbursing public investment plans from the central budget shall comply with regulations.
- Periodically report monthly, quarterly and annually the results of allocation, assignment and implementation, disbursement of increased central budget revenue in 2024 to the Ministry of Finance for synthesis and monitoring.
- Direct, inspect, urge to speed up the project approval progress; organize the implementation and disbursement of increased central budget revenue in 2024 in accordance with legal regulations; be responsible for the disbursement results of the projects.
- Be responsible for the Prime Minister, inspection, examination, auditing agencies and relevant agencies for the accuracy of information, reported and proposed data; ensure proper implementation of legal provisions on state budget, public investment and relevant legal provisions.
