Quang Nam strives to completely resolve outstanding construction debt by 2025

Many projects and works still have outstanding basic construction debts.

According to statistics and analysis of the State Treasury of Quang Nam , compared to the end of 2014 (the effective date of the 2014 Public Investment Law), the outstanding debt of basic construction in the province has decreased by about 2,178.5 billion VND. Of which, the local budget has decreased by 1,531.7 billion VND. However, the outstanding debt of basic construction in the province has not been completely resolved.

According to reports from investors, by the end of 2023, the total outstanding construction debt in Quang Nam was 838.9 billion VND. In particular, outstanding construction debt from district and commune budgets accounted for 53.1% of the total debt in Quang Nam (445.4/838.9 billion VND).

Districts with large outstanding debts in basic construction include Thang Binh (134.6 billion VND), Dai Loc (124.1 billion VND), Tien Phuoc (69.9 billion VND), Tay Giang (60 billion VND), Duy Xuyen (42.5 billion VND), Tam Ky (34.7 billion VND)...

According to the Department of Planning and Investment of Quang Nam, the department has requested the district-level People's Committee to focus on arranging a capital plan to pay off debt projects from the district budget. The district-level People's Committee directs the commune-level People's Committee to arrange a capital plan to pay off debt projects from the commune budget. Prioritize the arrangement of capital plans to pay off outstanding debts of settled projects and transitional projects. After arranging capital to pay off outstanding debts, consider arranging capital to start new projects that are truly urgent. In addition, resolutely handle the responsibility of the head in allocating capital without prioritizing capital arrangement to pay off debts.

The Department of Planning and Investment also recommended that the Provincial People's Committee consider the policy of building a mechanism to support the provincial budget (from increased revenue and annual budget savings) for localities to completely resolve outstanding debts in basic construction, which must be completed by 2025 at the latest.

Source