Hung Yen: The debt on capital construction dropped by over 250 billion VND

Published on 12 - 10 - 2018
100%

On October 11, the Standing Board of the provincial People's Council held a briefing on the implementation of the Resolution No. 128 / NQ-HDND (the Resolution No. 128) dated 8/12/2017 of the provincial People's Council on the management and use of public investment capital and the debt on capital construction in general and in new rural area construction in particular.

It saw the participation of Mr. Do Tien Sy, Member of the Party Central Committee, Provincial Party Secretary, Head of the Provincial Delegation of National Assembly; Mr. Do Xuan Tuyen, Permanent Deputy Secretary of the Provincial Party Committee, Chairman of the provincial People's Council; Mr. Nguyen Van Phong, Deputy Party Secretary, Chairman of the provincial People's Committee; members of the Provincial Standing Committee.

At the briefing                                    

According to the report on the survey of the Economy - Budget Board of the provincial People's Council, to implement the Resolution No. 128, the departments, branches, localities and units in the province have well controlled the scope and size of each investment project in line with the approved objectives and programs, the reasonable size and total investment capital, the structure of the investment capital and the ability to balance capital sources, especially the new investment projects in the 2016-2020 period to ensure the prescribed time, contributing to raising the efficiency of the use of public investment capital; implemented many measures to reduce the debt on capital construction of the locality. 

By June 30, 2018, the total debt on capital construction in the province is VND 719.6 billion, down VND 253.7 billion as compared to December 31, 2016. 

Particularly, by June 30, 2018, the debt of projects under the national target program on building new rural areas is VND 636 billion. 

At the briefing, delegates questioned to clarify the roles and responsibilities of the Departments of Planning and Investment, Finance, Transport and the Management Board of Pho Hien University area in advising, managing and using public investment capital and handling the debt on capital construction. 

Speaking at the briefing, Chairman of the provincial People's Committee Nguyen Van Phong asked the Department of Planning and Investment to clearly distinguish between the debt on capital construction and the outstanding ones; factors influencing the arrears of capital construction and the direction of handling and remedying the arrears of capital construction.

Chairman of the provincial People's Committee affirmed that from the beginning of the year, the province has actively and drastically directed the handling of the arrears of capital construction. As a result, the number of projects with arrears as well as the source of capital construction arrears has plummeted. In order to effectively manage public investment capital and handle capital construction arrears, in the coming time, to drastically implement measures such as: To strictly implement the process and regulations on public investment; boost revenue collection, mobilize and take advantage of investment resources; the projects with unidentified sources of capital or failing to arrange capital sources must be stopped or delayed; the projects that can not be implemented as planned will be recovered the investment capital ... 

Chairman of the provincial People's Council Do Xuan Tuyen requested to resolutely not allocate funds for new works when they have been completed but not paid; strictly control the planning and approval of investment projects; the Department of Planning and Investment and the Department of Finance should work closely to allocate reasonable fund for each project; the repayment must be clearly stated. It is necessary to take measures to request contractors to coordinate in the implementation of payment; to regularly review for adding medium-term investment capital sources according to the provisions of law; boost revenue collection; intensify the inspection, examination, supervision and handling of violations in capital construction investment ...

 

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