On June 24, the People's Council of Kien Giang province held the 35th session (special session) to approve 4 important draft resolutions. In particular, the Provincial People's Council considered giving opinions on the contents of adjusting and supplementing the medium-term public investment plan for the period 2021-2025 and 2025; Consider approving the state budget revenue and expenditure settlement in the area; Local budget revenue and expenditure settlement in 2024; Consider adjusting the investment policy of the Kien Giang Cultural and Artistic Exhibition and Cultural Heritage Conservation Center Project.
According to the People's Committee of Kien Giang province, 2025 is the final year of implementing the medium-term public investment plan for the period 2021-2025 and the 5-year socio-economic development plan, a year of great significance in implementing the goals of the 5-year socio-economic development plan and the 5-year medium-term public investment plan. In order to promote the effective use of the medium-term public investment capital plan for the period 2021-2025, prepare for the work of establishing and implementing the medium-term public investment plan for the period 2026-2030 in the province quickly and conveniently; arrange capital for emergency projects to serve the APEC 2027 Summit Week.
Through reviewing the implementation of the capital plan of each project, it is necessary to adjust and reduce capital for completed projects and works with excess capital, projects that do not meet the implementation procedures; supplement capital for projects and works with volume but lack disbursement capital, projects to create momentum, promote local socio-economic development, projects that have been approved for final settlement to close the project.
According to the People's Council of Kien Giang province, the Public Investment Plan for the period 2021-2025 in Kien Giang province was approved by the Provincial People's Council with a total capital of more than VND 41,600 billion; of which the investment capital in the local budget balance is more than VND 30,600 billion, the central budget is more than VND 10,900 billion. In order to promote the effective use of the medium-term public investment capital plan for the period 2021-2025, to implement projects to serve the APEC 2027 Conference held in Phu Quoc; adjust capital for some completed projects and projects with excess capital and supplement capital for some project categories that have completed procedures and documents for implementation. According to the provisions of the Law on Public Investment 2024, the Provincial People's Committee submitted to the Provincial People's Council to adjust and supplement the medium-term public investment plan for the period 2021-2025 in Kien Giang province is necessary.
The content of the adjustment and supplementation of the increase/reresion of investment capital plan in the local budget balance between departments, branches, sectors and localities with a total adjusted capital plan of more than VND597 billion, including a reduction in capital for 6 project categories and an increase in capital for 12 project categories. In which: Allocated more than 262 billion VND for 3 works and projects serving the APEC 2027 Conference in Phu Quoc; allocated increased capital for 8 project categories to pay for completed volume with a capital of more than 320 billion VND; allocated capital for 1 project category that has completed procedures and documents for implementation with a capital of more than 14.9 billion VND.
