VCN - Prime Minister Nguyen Xuan Phuc has decided to adjust and supplement a medium-term investment plan from the central budget for 2016-2020 and assign a foreign investment plan from the central budget in 2019 of ministries, sectors and localities.

Illustrative photo: Internet

Specifically, a downward revision of VND 261,135 billion for the medium-term investment plan of the central budget for 2016-2020 for projects which have been assigned the medium-term investment plan and an upward revision of VND 515,095 billion for the medium investment plan of the central budget for internal projects of ministries, sectors and localities.

In addition, the move involved supplementing VND 1,862,929 billion to the medium-term investment plan of the central budget for 2016-2020 from the general provision of the medium-term investment plan to the Ministry of Defense, the Ministry of Labour, War Invalids and Social Affairs, Hoa Lac Hi-Tech Park Management Board.An upward revision of 1,940.48 billion VND was mde to the medium-term investment plan of central budget capital from the reserve fund of 10 percent of central budget in ministries, branches and localities.

The decision also includes a downward revision of VND 4,812,524 billion to the foreign investment plan of the central budget in 2019 of the ministries, sectors and localities. Of which the Ministry of Transport VND 3,166,805 billion, Ministry of Agriculture and Rural Development VND 370,787 billion, Ministry of Education and Training VND 490,012 billion and provinces: Ha Giang VND 121,017 billion; Phu Tho VND 32,112 billion; Quang Ninh VND 233,154 billion; Dak Lak VND 180,793 billion; Kon Tum VND 36 billion; Ben Tre VND 53,744 billion; and Vinh Long VND 128.1 billion.

Supplementing VND 77.49 billion to the foreign investment plan (non-refundable aid from the government of the Republic of Ireland) in 2019 to the provinces: Ha Giang VND 18 billion; Hoa Binh VND 20.9 billion; Quang Tri VND 9.49 billion; Kon Tum VND 19.2 billion; and Tra Vinh VND 9.9 billion to invest in the implementation of the project on supporting extremely difficult communes under Programme 135.

In addition, the move supplements VND 4,573,722 billion to the foreign capital investment plan from the central budget in 2019 for ministries, sectors and localities.

The PM assigned the Minister of Planning and Investment based on the list of projects and total number of investment plans of the central budget in 2016-2020 and 2019 assigned above, to allocate the specific list of projects and capital level of investment plans of central budget cities for 2016-2020 and 2019 of each project to ministries, sectors and People's Committees of provinces and centrally-run; to preside over the inspection and supervision of the implementation of the State budget investment plan in 2019.

Medium term investment plan of state budget to ministries, sectors and localities

Based on the assigned and revised central budget capital investment plan, the list of projects and the central budget capital level in 2016-2020 and 2019, the ministries, sectors and localities will notify the units of the list and capital level of each project as prescribed, and report to the Ministry of Planning and Investment and the Ministry of Finance before January 30, 2020.

By Huong Diu/ Huyen Trang