Socio-economic recovery and development programme creates new motivation for growth: Minister
Minister of Planning and Investment Nguyen Chi Dung on May 23 told the National Assembly (NA) that the socio-economic recovery and development programme has created a new development space, new motivation and new capacity for industries, fields and localities, making an important contribution to the country's economic growth, recovery and development.
Minister of Planning and Investment Nguyen Chi Dung speaks at the meeting. (Photo: VNA)
Hanoi (VNA) – Minister of Planning and Investment Nguyen Chi Dung on May 23 told the NationalAssemജbly (NA) that the socio-economic recovery and development programme has createda new development space, new motivation and new capacity for industries, fieldsand localities, making an important contribution to the country's economic growth, recovery and development.
However, the completionof investment procedures for projects and the allocation of capital are stillslow compared to the requirements of the National Assembly in Resolution No.69/2022/QH15, he said at the legislature's ongoing 5th session. Dung proposed the NA assign the Government to direct localities toreview and balance state budget capital to get back the capital that has notbeen allocated to specific tasks or projects. At the request of localities, the Prime Minister will approve the medium-term publicinvestment plan with capital sourced from the central budget in the 2021-2025 period while theprovincial People's Councils approve their medium-term public investment plans using the local budget in the period of 2021-2025 to recover the advance capital ofeach task or project. The Government willreport to the National Assembly the results of the capital recovery at the endof the medium-term public investment plan in the period of 2021-2025. The NA on May 23afternoon listened to the Government's report and the NA’sFinance - Budget Committee's assessment report on the lists and capital allocation for tasks andprojects under the Socio-economic Development and Recovery Programme; fundingallocation, adjustment and supplementation of the medium-term public investmentplan funded by the central budget in the 2021-2025 period and the allocation of the central budget for the national target programme in 2023.
At the NA session. (Photo: VNA)
Reporting to the NA,Dung said that in the NA’s Resolution No. 43/2022/QH15 (Resolution43), the NA decided to increase spending from the state budget to a maximum of 176trillion VND (7.5 billion USD) mainly in 2022 and 2023 to support and invest in tasks andprojects in industries and fields. Based on the conclusions of the NA StandingCommittee, the Prime Minister approved nearly 161.85 trillion VND (6.9 billion USD)from the central budget for implementing the socio-economic recovery anddevelopment programme. Until now, the unallocated capital is 14.152 trillionVND. The capital plan from the central budgetfor 2023 approved by the NA is 338.41 trillion VND, of which over 137.84 trillionVND is allocated for the socio-economic recovery and development programme. Dung said thatmost of the projects under the programme are new construction projects, so itis difficult to disburse all the allocated capital in 2023. Meanwhile, a numberof tasks and projects are under the medium-term public investment plan for theperiod 2021-2025 of ministries and localities. They need additional capital toaccelerate progress of the projects and soon put them into operation. Therefore, flexiblyharmonising between the medium-term public investment capital plan for theperiod 2021-2025 and the capital plan under the programme is very important, Dung said./.
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Minister of Planning and Investment Nguyen Chi Dung speaks at the meeting. (Photo: VNA) 
At the NA session. (Photo: VNA) 
