Adjustment and Supplementation of the 2022 Central Budget Capital Plan

Adjusting and Supplementing the 2022 Central Budget Investment Plan for Ministries, Central Agencies, and Localities.

To be specific, the Prime Minister of the Government of Vietnam decreases the domestic central budget investment plan by VND 2,925.749 billion for 09 ministries, central agencies, and 02 localities to supplement the plan correspondingly for the Vietnam Development Bank and the Vietnam Bank for Social Policies.

Adjusting the foreign central budget investment plan by decreasing VND 424.402 billion from 02 ministries and 03 localities to supplement the plan by VND 209.988 billion for 06 localities. The remaining adjusted capital of VND 214.414 billion is assigned to the Ministry of Planning and Investment to lead, in cooperation with the Ministry of Finance, in summarizing and reporting to the competent authority for consideration and decision when conditions are met to supplement the plan as per regulations.

Supplementing the Central Budget Capital from the Economic Recovery and Development Program

Simultaneously, the Prime Minister of the Government of Vietnam supplements the domestic central budget investment plan by VND 18,584.907 billion to carry out the following tasks: 2%/year interest support through the commercial banking system, interest support, loans, interest compensation, and management fee coverage to implement preferential loan policies of the Vietnam Bank for Social Policies, and providing charter capital for the Tourism Development Support Fund.

Supplementing the domestic central budget investment plan by VND 18,613.446 billion for 09 ministries, central agencies, and 36 localities to implement tasks and projects under the medium-term public investment plan for the 2021-2025 period.

The Prime Minister requests the Ministry of Planning and Investment, based on its assigned functions and tasks in the state management of public investment, and the regulations in Resolution No. 584/NQ-UBTVQH15 dated August 31, 2022, Announcement No. 1402/TB-TTKQH dated August 13, 2022 of the Standing Committee of the National Assembly and Submission No. 268/TTr-CP dated August 09, 2022, Report No. 288/BC-CP dated August 28, 2022 of the Government of Vietnam, to guide ministries, central agencies, and localities on the list of tasks and projects under the medium-term public investment plan for the 2021-2025 period that are supplemented with the 2022 investment capital plan from the Economic Recovery and Development Program, ensuring the above conformity.

Allocating Capital in Accordance with Prioritized Order

Based on the aforementioned adjusted and supplemented central budget investment plan for 2022, the Ministers, Heads of ministry-level agencies, Heads of agencies under the Government of Vietnam, and Chairmen of the People's Committees of provinces and centrally managed cities allocate the adjusted and supplemented capital for 2022 central budget investment plans to tasks and projects under the medium-term public investment plan for the 2021-2025 period, ensuring principles and priority orders of capital allocation as per the conformity in the Public Investment Law.

They must announce the list and central budget capital levels for 2022 for each task under the Economic Recovery and Development Program according to the conformity; allocate the detailed supplemented 2022 central budget investment plans to tasks and projects under the medium-term public investment plan for the 2021-2025 period by the conformity of the Public Investment Law, Resolution No. 584/NQ-UBTVQH15 dated August 31, 2022, Announcement No. 1402/TB-TTKQH dated August 13, 2022 of the Standing Committee of the National Assembly and the guidance of the Ministry of Planning and Investment.

They should report the results of allocation and announcement of the 2022 central budget investment plan to the Ministry of Planning and Investment and the Ministry of Finance before October 20, 2022, according to the conformity.

Ministries, sectors, and localities must disburse the 2022 central budget investment plan according to the regulations of the Public Investment Law, Decree No. 40/2020/ND-CP dated April 06, 2020 of the Government of Vietnam detailing the implementation of several articles of the Public Investment Law and related legal regulations; report the implementation and disbursement status of the 2022 state budget investment plan to the Ministry of Planning and Investment and the Ministry of Finance as per regulations.

At the same time, they must be responsible for allocating, managing, and using capital according to the conformity of the Public Investment Law, State Budget Law, and related legal regulations, ensuring proper purpose, efficiency, and complete disbursement of the allocated public investment plan capital for 2022 and the supplemented capital; they must also be fully responsible to the Prime Minister of the Government of Vietnam, inspection agencies, audit agencies, and other relevant agencies for the accuracy of information, data, allocated capital amounts, and investment procedures for each task and project according to legal regulations.

Vu Phuong Nhi

According to the Government of Vietnam Electronic Portal

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