Guidelines for allocation of capital budget in 2022 for projects with additional capital in Vietnam

On October 12, 2022, the Ministry of Planning and Investment of Vietnam issued Official Dispatch 7286/BKHT-TH guiding the allocation of the central budget investment plan in 2022 for tasks and projects with additional capital from the source of socio-economic recovery and development program.

Guidelines for allocation of capital budget in 2022 for projects with additional capital in Vietnam (Source: internet)

Documents on the allocation of capital budget for projects with additional capital in Vietnam

The Law on Public Investment

Resolution 43/2022/QH15 on fiscal and monetary policies to support the socio-economic recovery and development program promulgated by the National Assembly.

Resolution 584/NQ-UBTVQH15 on amendments to the 2022 central budget development investment and development expenditure estimates for ministries, central agencies, and localities promulgated by the National Assembly Standing Committee

Conclusion of the Standing Committee of the National Assembly in Notice 1402/TB-TTKQH dated August 31, 2022

Decision 1126/QD-TTg in 2022 on adjusting and supplementing estimates of development investment expenditures of central capital budget in 2022 for ministries, central agencies and localities issued by the Prime Minister of Vietnam.

Implementing the direction of the Prime Minister of Vietnam in Decision 1198/QD-TTg dated October 12, 2022 on adjusting and supplementing the plan for central budget investment in 2022 for ministries, central agencies and localities

Decision 68/QD-TTg dated October 12, 2022, on amendments to the plan to invest central capital budget in 2022 for projects in the Ministry of Public Security's social security and order and safety sector.

Official Dispatch 320/TB-VPCP dated October 6, 2022 and Official Dispatch 6758/VPCP-KTTH dated October 9, 2022 from Deputy Prime Minister Le Minh Khai.

Guidelines for the allocation of capital budget in 2022 for projects with additional capital in Vietnam

To ensure strict implementation of the above regulations, the Ministry of Planning and Investment proposes the following ministries, central and local agencies:

- Based on the list of projects compiled by the Government from the proposals of the ministries, central and local agencies to submit to the National Assembly Standing Committee in Reports 268/TTr-CP dated August 9, 2022 and 18/TTr-CP dated August 31, 2022; Report 288/BC-CP dated August 28, 2022; Resolution 584/NQ-UBTVQH15 dated August 31, 2022 of the National Assembly Standing Committee and the conclusion of the National Assembly Standing Committee in Notice 1402/TB-TTKQH dated August 31, 2022, detailing the allocation of the additional investment plan of central capital budget in 2022, the list and the amount of capital allocated for each project to the affiliated agencies and units and the People's Committee at lower levels, ensuring compliance with regulations.

In which it is noted not to allocate capital for 03 projects in the project list enclosed with Statement 268/TTr-CP dated August 9, 2022 with a completion time after 2025, specifically:

(1) The project of Dredging and reinforcing Cai stream from Tho Ut bridge to Dong Nai river in Binh Duong;

(2) Project of the connecting road connecting the area N8-DT.787B-DT.789 of Tay Ninh;

(3) Tien Giang Road Project on both banks of the Bao Dinh River.

(Report 268/TTr-CP dated August 9, 2022 and the above resolutions and notices are posted on the National Information System on Public Investment)

- Summarize plans for allocation and additional allocation of state budget investment plan in 2022; list and level of allocated capital of each task and project to affiliated agencies, units, and People's Committees at lower levels on the National Information System on Public Investment before October 20, 2022.

For the list of tasks and projects classified as state secrets, ministries, central agencies, and localities are requested to send documents to the Ministry of Planning and Investment in accordance with the law on protection of state secrets.

- Be responsible for managing and using the additional capital for the right purposes to ensure efficiency; take full responsibility before the Prime Minister of Vietnam, inspection and audit agencies, and other relevant agencies for the accuracy of project data and information, and the amount of capital allocated to each project in accordance with the provisions of the law in Vietnam.

In addition, the Ministry of Finance of Vietnam is requested to: check the allocation and payment of the state budget investment plan in 2022 for projects supplemented with the 2022 plan from the capital source of the Recovery and Rehabilitation Program and socio-economic development in accordance with regulations; do not make payments for projects that are not on the list of projects submitted by the government to the National Assembly Standing Committee in Report 268/TTr-CP dated August 9, 2022; and 18/TTr-CP on August 9, 2022.

Official Dispatch 7286/BKHT-TH was issued on October 12, 2022.

Chau Thanh

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