Nghe An Provincial State Treasury improves efficiency in investment capital management

Headquarters of the State Treasury of Nghe An province. Photo: PV

Mr. Ton Thien Son - Head of Expenditure Control Department, Nghe An Provincial State Treasury said: In recent years, Nghe An Provincial State Treasury has had many solutions to contribute to recovering advances and capital paid higher than the approved settlement value such as: Proactively reviewing advance data of each project; Urging investors to comply with regulations on recovering advances and capital paid higher than the approved settlement value; Coordinating and exchanging information with the Department of Finance to advise the Provincial People's Committee on handling measures... The synchronous implementation of the above solutions has promoted the effectiveness of capital use, accelerated the progress of project completion, and contributed to the implementation of socio -economic development goals in the locality.

As a result, from the beginning of the year to June 30, 2023, 2,162 billion VND has been recovered in advance; the paid capital recovery is 2.3 billion higher than the approved settlement value. However, the recovery of advance and paid capital still faces many difficulties. The amount of capital that must be recovered in advance is 32.7 billion VND higher than the approved settlement value. The balance of advance is 5,761 billion VND. Of which, the overdue advance capital, lasting for many years, is 69,441 billion VND.

Officials of the State Treasury of Nghe An province proactively reviewed the advance payment data of investment projects. Photo: PV

The reason is that some investors have not had drastic solutions to recover advanced capital, especially overdue advanced capital; there are no measures to recover capital paid higher than the approved and finalized value; the State does not have strong enough sanctions to handle investors and contractors who do not comply with regulations on investment capital management; some project management boards and investors have dissolved, contractors have gone bankrupt, projects have been postponed, not implemented...

Mr. Nguyen Dinh Hoa - Director of the State Treasury of Nghe An province said: To effectively handle the work of recovering advances and capital paid higher than the approved settlement value, the State Treasury of Nghe An proposed a number of solutions: For investors, it is necessary to have drastic measures to recover capital paid higher than the approved settlement value, the capital advanced according to regulations and be responsible for the advances but not recovered; compile a list and consider when participating in bidding with contractors who do not return the capital paid higher than the approved settlement value. For the superior agency of the investor, take the criteria of the results of recovering advances and capital paid higher than the approved settlement value as the criteria for annual emulation evaluation and comments"

Officials of the State Treasury of Nghe An province exchanged information to propose solutions to recover advances and capital paid higher than the approved settlement value.

"In addition, the Provincial People's Committee needs to have sanctions for investors who have outstanding advances for many years and have not recovered capital paid higher than the approved settlement value," Mr. Nguyen Dinh Hoa shared.

Source: https://baonghean.vn/kho-bac-nha-nuoc-tinh-nghe-an-nang-cao-hieu-qua-quan-ly-von-dau-tu-post276767.html