Eliminate the situation of scattered and ineffective investment
In the period of 2021 - 2025, Ninh Binh province has clearly identified the priority order of capital allocation in the medium-term public investment plan, while balancing to ensure focus, ensuring the ability to repay loans, outstanding debts for basic construction, recovering advanced capital from the provincial budget and meeting the requirements of socio-economic development.
In addition, Ninh Binh province focuses on investing in projects to prevent natural disasters, epidemics, climate change, ensure security, national defense and social security. In particular, focusing on arranging investment with focus and key points in key sectors and fields, especially the transport sector (accounting for about 36% of total capital).
Mr. Nguyen Cao Son - Vice Chairman of Ninh Binh Provincial People's Committee - said that in the period of 2021 - 2025, Ninh Binh province prioritizes allocating sufficient capital for major projects identified as key projects that need to be focused on leadership and direction during the term, building synchronous infrastructure, connecting regions and inter-regions to expand development space, creating space and driving force for socio-economic development. Preserving and promoting historical and cultural values to accelerate implementation progress, early completion and promoting investment efficiency.
"We prioritize focused and key investments, while improving the efficiency of capital use, in order to eliminate fragmented, scattered, wasteful and ineffective investment. The province promptly assigns details and notifies annual public investment capital plans to units, in accordance with decisions and capital announcements of competent authorities," said Vice Chairman of Ninh Binh Provincial People's Committee Nguyen Cao Son.
Publicity and transparency in capital planning allocation
Closely following the guidelines of the Government and the Prime Minister in allocating and disbursing public investment capital, in recent times, Ninh Binh province has focused on implementing flexible, creative, timely and effective measures and solutions in disbursing public investment capital.
In the period of 2021 - 2024, the total domestic capital plan from the central budget assigned to Ninh Binh province is over 4,255 billion VND, of which over 3,840 billion VND has been disbursed for 41 projects. For foreign capital, the total capital plan for the period of 2021 - 2024 assigned to Ninh Binh province is over 750 billion VND, of which nearly 630 billion VND has been disbursed. For provincial budget capital, the total public investment plan for the period of 2021 - 2024 is over 11,606 billion VND and over 11,464 billion VND has been disbursed.
In the process of disbursing public investment capital, Ninh Binh province regularly and fully grasps the important role and significance of public investment for socio-economic development. At the same time, it strengthens inspection, supervision and timely commendation and rewards for organizations, individuals and units that achieve good results in disbursing public investment capital. In addition, Ninh Binh province also directs and resolutely strictly handles investors, project management boards, organizations and individuals who intentionally cause difficulties, obstruct, lack responsibility and delay the progress of capital allocation, capital adjustment, project implementation and public investment capital disbursement.
