HCMC – The National Assembly Standing Committee approved the revision of the public investment plan for 2024 at its 38th session on the afternoon of October 8.
The revision aims to optimize the use of the State budget by focusing resources on key and high-impact projects.
The Government proposed reducing public investment capital by over VND7,300 billion for 20 ministries and agencies this year. Of this, around VND2,862 billion had not yet been allocated, while more than VND4,451 billion already allocated to ministries and localities will be withdrawn due to a lack of demand for use in 2024.
Additionally, over VND1,130 billion in foreign funds from four ministries and localities will be reallocated to supplement funding for the Ministry of Health and 13 other localities.
During the session, 100% of National Assembly deputies voted in favor, resulting in the unanimous approval of the Government’s proposal for the revision of the 2024 public investment plan.
