The regulations on principles, criteria and norms for allocation of public investment capital from the state budget for the period of 2021-2025 in Hung Yen province

Published on 17 - 05 - 2021
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On 29/4/2021, at the 17th session, the 16th Provincial People's Council passed the Resolution No. 365/2021/NQ-HDND stipulating principles, criteria and norms for allocation of public investment capital from state budget for the period of 2021-2025, in Hung Yen province.

Accordingly, the principle of capital allocation is prescribed as follows:

- The allocation of public investment capital from state budget in the 2021-2025 period must comply with the provisions of the Law on Public Investment, the Law on State Budget and relevant legal documents.

- The allocation of public investment capital from state budget must closely follow and implement the viewpoints, goals, breakthroughs, tasks and solutions for 5-year socio-economic development according to the Resolution of the 19th Provincial Party Congress; the programs and projects of the Provincial Party Executive Committee and the Provincial Standing Committee; which are consistent with the plans approved by competent authorities. To focus on investing in infrastructure for industrial development, reducing traffic congestion, building advanced new rural areas; building schools, hospitals and digital transformation.

- The allocation of public investment capital from state budget in the 2021-2025 period should consider the results of public investment in the 2016-2020 period; pay attention to localities that need to invest in infrastructure, make a great contribution to the provincial budget and support resources to build urban areas of Hung Yen city, My Hao town and urban areas at level II and III of the province.

- Be suitable for the ability to balance investment capital from the state budget and attract investment capital sources of other economic sectors, of the province and districts, towns and city.

- To allocate investment capital in a centralized, non-dispersing, spreading manner, ensuring the effective use of investment capital. To only assign capital plans to tasks, programs and projects that have completed investment procedures, which are decided by competent authorities in accordance with the Law on Public Investment and relevant legal documents. The time for capital allocation shall comply with the provisions of Clause 5, Article 4 of the Resolution No. 973/2020/NQ-UBTVQH14.

- Programs and projects under the management of any level shall be responsible for balancing their resources for investment; superior budgets support investment capital in works and projects managed by subordinates depending on their ability to balance the budget.

The level of support from central sources for programs and projects shall comply with the principles, criteria, and norms for using central budget capital in the 2021-2025 period promulgated by competent authorities.

- To ensure publicity and transparency in the capital allocation for public investment plans, contributing to promoting administrative reform and strengthening anti-corruption work, practicing thrift and fighting waste.

Priority order of capital allocation is as follows:

- To allocate enough capital to pay the outstanding debt for capital construction according to the provisions of Clause 4, Article 101 of the Law on Public Investment (if any);

- To allocate enough capital to repay the plan advance capital but there is no source to repay in the medium-term public investment plan in the previous period (if any);

- To allocate capital for projects that have been completed and handed over to put into use but not yet allocated capital; the capital for projects using ODA capital and concessional loans from foreign donors (including reciprocal capital); the investment capital of the State participating in the project implementation in the form of public-private partnership; transitional projects shall be carried out according to the approved schedule; the project is expected to be completed in the plan;

- To allocate capital to perform planning tasks according to the provisions of the Law on Planning;

- To allocate capital for the preparation of formulation, appraisal and decision on investment policies and formulation, appraisal and decision on investment programs and projects;

- To allocate capital to newly started projects that meet the requirements as specified in Clause 5, Article 51 of the Law on Public Investment.

The structure of centralized budget capital allocation is as follows:

- The additional concentrated budget capital for the budget of districts, towns and city in the period of 2021-2025 is determined according to the criteria and norms as stated in Article 5 of the Resolution. Districts, towns and city are responsible for allocating capital to programs and projects, ensuring the proper implementation of the law on public investment, the regulations on subjects, principles and priority order of this Resolution.

- The remaining concentrated budget capital is allocated by the provincial level to specific tasks, programs and projects in order to realize the socio-economic development goals of the whole province. The allocation of capital must ensure compliance with the provisions of the law on public investment, the provisions on the subjects, principles and priority order of this Resolution.

The criteria and norms for allocating construction investment capital to the district budget are specified in Article 6 of the Resolution.

The Resolution takes effect from May 10, 2021.

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