Khanh Hoa Provincial People's Committee has planned to increase capital in the 2022 public investment plan to create leverage for the province's socio-economic recovery and development.
Khanh Hoa Provincial People's Committee has planned to increase capital in the 2022 public investment plan to create leverage for the province’s socio-economic recovery and development.
3,569 billion VND in total expected capital
According to the plan, the province's total public investment capital in 2022 is expected to be more than 3,569 billion VND. Compared with the total actual capital in 2021 (nearly 2,528 billion VND), the expected capital in 2022 will increase by more than 1,000 billion VND.
Tran Hoa Nam - Director of the provincial Department of Planning and Investment said: "The public investment capital in 2022 as expected will be arranged in the provincial budget plan for 83 projects with a total capital plan of nearly 2,230. Billion VND. In which, 75 transitional projects will be completed in 2022 and after 2022; and 8 projects in education and training will start construction. The average planned capital for a project is 26.9 billion VND. The proportion of investment capital of sectors and fields in the social, defense and security sectors accounts for 50.5%; the proportion in the economic infrastructure sector accounts for 49.5%. The capital is expected to meet the investment needs of projects under the expenditure tasks of the province, creating a momentum for socio-economic development. All projects can receive capital only when completing investment procedures and being approved by the authorities on investment policies and investment projects.
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Implementing many solutions
To implement the public investment capital plan in 2022, the Provincial People's Committee will implement synchronous solutions, including managing investment from the state budget capital, managing investment and handling outstanding debts in capital construction according to the Government's regulations…
The Provincial People's Committee has directed the provincial Department of Agriculture and Rural Development, the provincial Committee for Ethnic Minority Affairs, the provincial Department of Labor, War Invalids and Social Affairs to coordinate with the People's Committees of localities to develop and complete investment plans for the 2021-2025 period, and consult the Provincial People's Committee to submit them to the Provincial People's Council. The provincial People's Committee has requested the People's Committees of districts and communes to comply with the principles and order of investment priorities and plan to allocate capital sources to sectors, fields and programs corresponding to the decentralized capital allocated and supported by the provincial budget as planned.
In addition, the Provincial People's Committee has also assigned specific responsibilities to each department, branch and locality according to their functions to perform the tasks in order to disburse capital in the most effective way.
Dinh Lam
Translated by T.T
