Not to lack clearance and compensation capital, Chairman of the PPC Le Van Huong urged

ABO - At the conference on summarizing the implementation of the public investment plan in 2019 on the afternoon of December 2, Chairman of the Tien Giang provincial People’s Committee Le Van Huong urged the Tien Giang Department of Planning and Investment to develop the progress implementation of projects in the public investment plan in 2020.

Comrade Le Van Huong speaks at the conference.

Particularly, the Tien Giang Department of Finance coordinates with the Department of Planning and Investment to balance the budget so that there is no shortage of clearance and compensation capital. At the same time, asking the localities to associate clearance, compensation with citizen reception, complaint settlement, etc…

Representatives of investors (departments, agencies, and localities) reported the implementation of public investment projects; at the same time, presenting the advantages and difficulties in implementing the project. Accordingly, up to this point, many investors have disbursed public investment projects at a high rate.

According to Tien Giang Department of Planning and Investment, in 2019, the province's total public investment was over 3,846 billion VND, accounting for over 11% of the total social development investment capital.

Through the implementation process, the PPC has actively mobilized investment capital from the budget and has increased the budget nature to over 302 billion VND. As a result, the province's total public investment in 2019 reached nearly 4,149 billion VND, an increase of 7.9% compared to the Resolution of the Provincial People's Council.

By the end of November 11-2019, the invested capital in the balance disbursed over 2,541 billion VND, reaching over 95 percent of the plan; capital to support national target programs disbursed nearly 64 percent; support capital under disbursement target programs reached 79 percent; disbursed ODA reached nearly 85 percent; Government bond capital disbursed at 6 percent.

In 2020, it is expected that the province's public investment plan is 5,715 billion VND, accounting for over 15 percent of the total social investment, up over 37 percent compared to 2019.

By M. THANH – Translated by HUU CHI