N.A. Standing Committee talks socio-economic recovery, development projects

The meeting, presided over by N.A. Chairman Vuong Dinh Hue, also discussed adjustments and supplements to the central budget estimate of 2022 yearly plans of ministries, centrally-run agencies and localities.

In his remarks, Hue said the committee is scheduled to issue resolutions before September 2 to facilitate capital allocation to ministries, agencies and localities by the Government and the Prime Minister.

In January, lawmakers agreed to put aside 176 trillion VND (7.51 billion USD) from the central budget for development investment.

Of the total, more than 172.56 trillion VND has been informed to ministries and agencies so far to complete 264 tasks and projects, of which 94 have investment procedures done, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.

The projects were reviewed to ensure their observance to regulations of the Investment Law, he continued.

In its proposal sent to the N.A. Standing Committee, the Government also suggested the committee issue a resolution on the allocation of development investment under the socio-economic recovery and development program, as well as adjustments and supplements to the investment plan of the central budget for 2022.

As of August 28, 16 ministries, centrally-run agencies and localities had yet completed the disbursement.

Some said the total capital sourced from the central budget and to be allocated to ministries, agencies and localities should be decided at the fourth meeting of the 15th N.A.

(Source: VNA)