HCMC – The National Assembly has approved an extra budget of over VND24 trillion for the medium-term public investment plan from the central Government’s budget and the capital plan for 2024. This is aimed at speeding up the progress of key public investment projects.
As part of the approved plan, an additional VND22.55 trillion will be distributed from the increased 2022 budget revenue to ministries, departments, and localities to implement these projects.
Specifically, the Ministry of Public Security will receive VND400 billion, while the Ministry of Transport will be allocated over VND3 trillion. Localities will also benefit from these funds, with allocations such as VND1 trillion for Bac Kan, VND3 trillion for Ninh Binh, VND2.5 trillion for Lam Dong, VND1.37 trillion for HCMC, VND1.5 trillion for Tay Ninh, and VND9.77 trillion for Binh Phuoc.
In addition, the National Assembly Standing Committee has allocated VND2.131 trillion from the increased 2022 budget revenue to implement 12 public investment projects, including both ready-to-execute and preparatory-stage projects.
The Ministry of National Defense will receive VND180 billion, while the Ministry of Transport will be allocated VND1.24 trillion. Additional funds will be distributed to Quang Tri (VND161.36 billion), Phu Yen (VND350 billion), and Khanh Hoa (VND200 billion).
The prime minister will oversee the allocation of public investment funds for the medium-term plan covering the period from 2021 to 2025, and make necessary adjustments to the state budget for 2024.
