Management Boards of poverty reduction project in the Northern mountainous provinces of Vietnam: How to formulate investment capital use plan?

Management Boards of poverty reduction project in the Northern mountainous provinces of Vietnam: How to formulate investment capital use plan?

In Clause 2 Article 7 of Circular 123/2010/TT-BTC, it is stipulated that the Central Coordination Board, Provincial Project Management Boards (PPMBs), District Project Management Boards (DPMBs), and Community Development Boards (CDBs) are responsible for preparing and submitting the investment capital plan of the Project from IDA funds and domestic counterpart funds. The specific process is as follows:

- Annually, based on the current procedures for preparing, submitting, and approving State Budget estimates, CDBs, based on the project implementation progress, prepare the commune's capital plan (the commune is funded 100% from IDA sources) and send it to the DPMBs no later than July 15 each year.

- DPMBs, based on the district-level project implementation progress and the CDBs' capital plans, prepare the district project investment capital plan, including IDA funds and domestic counterpart funds, detailing each component and project activity (including project operation expenditures at the district and commune levels) and send it to the PPMBs no later than July 31 each year.

- PPMBs, based on the provincial project implementation progress and the DPMBs' capital plans, prepare the provincial project investment capital plan, including IDA funds and domestic counterpart funds (funds provided by the Central Budget with specific goals for the project), detailing each component and activity of the project (including project operation expenditures at the district and commune levels) and send it to the Department of Planning and Investment and the Department of Finance for consolidation into the provincial annual budget estimates, submit to the Provincial People's Committee to report to the competent authorities as per regulations, and simultaneously send it to the Central Coordination Board for general consolidation of the Project's overall plan no later than August 10 each year.

- The Central Coordination Board prepares the investment capital plan from IDA funds and domestic counterpart funds for the portion executed by the Ministry of Planning and Investment and submits it to the Ministry of Planning and Investment for inclusion in the Ministry's annual plan. Concurrently, the Central Coordination Board consolidates the investment capital plans of the provinces executing the project into an overall project capital plan, reporting to the Ministry of Planning and Investment for inclusion in the State Budget expenditure estimates for annual submission to the competent authorities, which includes:

- The portion executed by the Ministry of Planning and Investment (including both loan funds and counterpart funds): Allocated in the Ministry of Planning and Investment's expenditure estimates.

- The portion executed by localities (including both loan funds and counterpart funds supported by the Central Budget): Allocated in the Central Budget's targeted supplementary expenditure estimates for local budgets.

For more details, see: Circular 123/2010/TT-BTC, effective from October 3, 2010.

Nguyen Phu

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