More than 1,900 billion VND allocated to implement the Bao Loc

On the morning of September 22, continuing the 49th session (phase 3), under the direction of Vice Chairman of the National Assembly Nguyen Duc Hai, the National Assembly Standing Committee gave opinions on the allocation of estimates and investment plans for central budget capital from the source of increased central budget revenue in 2022; adjusting the 2025 budget estimates among ministries, central and local agencies; adjusting the 2025 budget estimates to suit the organizational structure of ministries, central and local agencies after the rearrangement.

Vice Chairman of the National Assembly Nguyen Duc Hai chaired the meeting. *Photo: mediaquochoi*

According to the content of the Report presented by Deputy Minister of Finance Tran Quoc Phuong at the meeting, based on the proposals of ministries, central and local agencies, the Government submitted to the National Assembly Standing Committee to allocate the central budget revenue increase source in 2022 of VND 1,926,908 billion to Lam Dong province to implement the Bao Loc - Lien Khuong Expressway Construction Investment Project; adjust down VND 723 billion of the central budget revenue increase source in 2022 that is no longer needed by the Ministry of Finance and the Ministry of Construction to adjust up accordingly for Quang Ngai province (VND 150 billion) and Lam Dong province (VND 573 billion).

Regarding the adjustment of central budget capital sources in 2025 among ministries, central agencies and localities, the Government submitted to the National Assembly Standing Committee for consideration and decision to reduce 3,270 billion VND of domestic central budget sources in 2025 of 9 ministries, central agencies and 3 localities to adjust up accordingly for 3 ministries, central agencies and 13 localities. Adjust down 703,036 billion VND of foreign central budget sources of the Ministry of Agriculture and Rural Development (now the Ministry of Agriculture and Environment) to adjust up accordingly for Tuyen Quang province, Ho Chi Minh City, Tay Ninh province...

After adjusting the central budget capital for 2025 among ministries, central agencies and localities as proposed above, the Government submitted to the National Assembly Standing Committee to adjust down the entire central budget source for 2025 of 8 ministries and central agencies to adjust up accordingly for 7 ministries and localities including: Ministry of National Defense; Ministry of Finance; Ministry of Agriculture and Environment; Ministry of Culture, Sports and Tourism; Ministry of Construction; Ministry of Ethnic Minorities and Religions; Hanoi city.

Chairman of the National Assembly's Economic and Financial Committee Phan Van Mai presents the verification report at the meeting. *Photo: mediaquochoi*

Presenting the Verification Report, Chairman of the National Assembly's Economic and Financial Committee Phan Van Mai stated that, regarding the allocation of central budget capital in 2025 from the increased central budget revenue in 2022, the Committee agreed with the Government's proposal, submitted to the National Assembly Standing Committee for consideration and decision to allocate 1,926,908 billion VND of the central budget public investment plan in 2025 from the increased central budget revenue in 2022 to Lam Dong province to implement the Bao Loc - Lien Khuong Expressway Construction Investment Project under the public-private partnership method (phase 1).

Regarding the adjustment of the central budget public investment plan for 2025, the Committee agreed to submit to the National Assembly Standing Committee for consideration and decision on the adjustment of the central budget estimate for 2025 among ministries, central agencies and localities as reported by the Government in Submission No. 619/TTr-CP dated July 4, 2025 and Document No. 14606/BC-BTC dated September 18, 2025 of the Ministry of Finance...

Concluding this content, Vice Chairman of the National Assembly Nguyen Duc Hai stated that the National Assembly Standing Committee agreed with the proposal of the Economic and Financial Committee to allocate 1,926,908 billion VND of the central budget public investment plan in 2025 from the increased central budget revenue in 2022 to Lam Dong to implement the Bao Loc - Lien Khuong Expressway Construction Investment Project under the public-private partnership method in phase 1; adjust the central budget estimate in 2025 among ministries, central agencies and localities reported by the Government. Based on the resolution of the National Assembly Standing Committee, the Government is assigned to adjust the 2025 investment plan according to its authority.

The Vice Chairman of the National Assembly suggested that the Government, central agencies and localities learn from experience to arrange capital in accordance with the implementation progress and disbursement capacity of tasks and projects; limit the need to adjust up or down the assigned capital plan. At the same time, units need to have drastic solutions to allocate the remaining unallocated capital, speed up the disbursement progress of investment capital; manage and use capital economically and effectively, and combat negativity and waste.

In addition, the Economic and Financial Committee is assigned to preside over and coordinate with the Law and Justice Committee and the Ministry of Finance to receive comments from the National Assembly Standing Committee to complete the draft Resolution, seek comments from the National Assembly Standing Committee to submit to the National Assembly Chairman for signing and promulgation.

Source: https://hanoimoi.vn/phan-bo-hon-1-900-ty-dong-de-thuc-hien-du-an-duong-bo-cao-toc-bao-loc-lien-khuong-716894.html