Mobilizing Investment Capital and Support Funds from the Central Budget for Can Tho

Accordingly:

- The city is allowed to borrow domestic investment capital through forms of mobilization as regulated by law; re-borrow from the Government of Vietnam's foreign loans for local budget re-lending.

The outstanding debt level (including re-borrowing from the Government of Vietnam's foreign loans for re-lending and other domestic loans) of the city's budget shall not exceed 40% of the local budget revenue as decentralized and within the annual state budget deficit level decided by the National Assembly.- The Government of Vietnam prioritizes supporting part of the capital from the central budget for the city's budget to participate in the implementation of inter-regional projects in the city area in the form of public-private partnership (PPP).- The Government of Vietnam prioritizes allocating sufficient additional targeted capital for the city's budget to implement the city's socio-economic development projects and regional-scale projects in the Mekong Delta.- The city uses mobilized investment capital, central budget support capital, Official Development Assistance (ODA) and concessional loans from donors as stipulated in Clause 1, Clause 2 of this Article, Article 4, and Clause 1 of Article 5 of this Decree to prioritize investment in projects and works according to the Appendix attached to this Decree.

More details can be found in Decree 103/2018/ND-CP, effective from October 10, 2018.

- Thao Uyen -

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