“113,000 billion in public investment must be done step by step, otherwise it will be against the law, very taboo”

Recovery Master Program Socioeconomic: Disbursement so far is 22,000 billion

At the regular Government press conference in May held by the Government Office on the afternoon of June 4, Deputy Minister of Planning and Investment Tran Quoc Phuong answered on the progress of implementing the Master Program on socio-economic recovery, including 113,000 billion of public investment…

Accordingly, the public is very concerned about the progress of implementation Socio-economic recovery master program, especially how is the implementation progress of this package? There are a lot of problems with the procedure, so how do you solve the problems and overcome the difficulties to speed up this support package?

Deputy Minister of Planning and Investment Tran Quoc Phuong said: Recent mass media shows that National Assembly deputies at the 3rd session are very interested in this program. During the socio-economic explanation session, Minister of Planning and Investment Nguyen Chi Dung and Deputy Prime Minister Le Minh Khai spoke to clarify many details about the disbursement progress of the recovery program to serve the National Assembly delegates. as well as voters nationwide.

“I would like to report further, economic development recovery program is a master program with 5 main tasks, many of which follow the previous resolutions promulgated by the National Assembly and the Government such as Resolution 30 and Resolution 105. The rehabilitation program will be implemented immediately. after the National Assembly issued Resolution 43 as well as the Government issued Resolution 11 in January 2022. Overall, the program is 347,000 billion VND belonging to all different programs and activities, excluding the 46,000 billion vaccine programs that have not been used because our vaccine program has had many successes.

Thus, the remaining amount is 301 trillion, disbursed 22,000 billion of all different activities,” said Deputy Minister of Planning and Investment Tran Quoc Phuong.

Deputy Minister of Planning and Investment Tran Quoc Phuong reviewed four programs: The first program is lending through the social policy bank for social housing tenants. According to the VBSP’s report, VBSP has disbursed more than 4,500 billion VND out of the total amount assigned this year’s plan of 19,000 billion VND to more than 100,000 borrowers. Thus, the social housing policy lending program has been significantly implemented, and the bank has actively implemented it.

The second group of programs is to support workers to rent houses according to Decision 08 of the Prime Minister, disbursed by May 20 has reached 1.7 billion VND.

Regarding the third group of activities related to special income tax exemptions and reductions, which have an impact on fiscal policy. Supported about 11,800 billion VND over 60,000 billion VND. This tax exemption and reduction policy will be implemented from February 2022.

Fourth, support opportunity cost through tax and land rent extension. In this process according to Resolution 43, the opportunity cost equivalent is about 135,000 billion VND with this delay, the impact on the state budget is equivalent to 6,000 billion VND.

“In total, the disbursement result so far is 22,000 billion VND” – Deputy Minister of Planning and Investment Tran Quoc Phuong affirmed.

Regarding the issue of public concern, a number of guiding legal documents are currently in the process of being completed and awaiting promulgation by competent authorities. Basically, the documents have been issued. For example, the Decree guiding the 2% interest rate support has so far been ready for urgent implementation. With the remaining 3 documents related to issuing decrees and guiding circulars, the authorities are speeding up the guideline on appointing contractors in the rehabilitation program. This is an open and effective regulation to shorten the construction bidding process.

“Up to this point, the Ministry of Planning and Investment, which is in charge, has submitted to the Prime Minister and Deputy Prime Minister. After receiving the direction, it will continue to be completed as soon as possible. The document guiding the relevant ministries is also urgent. completed,” said Deputy Minister of Planning and Investment Tran Quoc Phuong.

113,000 billion VND government’s Invest How is it implemented?

According to Mr. Phuong, public opinion is also very interested 113,000 billion of public investment. With such money, it is done in the same way as the public investment plan, strictly implemented in accordance with the provisions of the law, step by step. Currently, the first step has been completed. The Prime Minister shall notify relevant ministries, branches and localities the list of projects with a specific amount of money as a basis for approving investment policies. The Ministry of Planning and Investment has also issued a guiding document requesting the ministries, branches and localities to urgently complete the procedures for approving these investment policies as soon as possible for the Ministry of Planning and Investment to summarize.

Mr. Phuong said that, after this step, the second step is to summarize the list of projects with approved investment policies and submit them to the Government for consideration, then submit them to the National Assembly Standing Committee for comments before approval. “This is a regulation under the Law on Public Investment, Resolution 43 of the National Assembly. This step we take falls in the third quarter”-Deputy Minister of Planning and Investment Tran Quoc Phuong informed.

Therefore, after allocating the plan, that is, after the National Assembly approves it, the Prime Minister will do the third step, which is to specifically assign the plan, the list of projects, and the amount of capital to the relevant ministries and local authorities. . On that basis, the fourth step is for ministries, branches and localities to approve investment decisions in programs and projects in the rehabilitation program. After approving the investment plan, new capital can begin to deploy activities, the disbursement measures are site clearance, construction bidding.

“That’s the progress as well as the implementation steps in the coming time. We have tried to explain in detail so that the public and people across the country can understand the process in government’s Invest must be done step by step, cannot be shortened, otherwise it will violate the law, which is extremely taboo in the Law on Public Investment. We hope that the public, the people and the ministries and branches closely monitor the progress of the program, step by step, after completing each step to the next step, do not be too impatient” – Deputy Minister of Planning and Investment Tran Quoc Phuong emphasize.