Disbursed VND 113,000 billion for public investment in the economic recovery program: It cannot be turned off!
Disbursed 22,000 billion VND under the program of socio-economic recovery and development
At the Government’s regular press conference this afternoon (June 4), Deputy Minister of Planning and Investment Tran Quoc Phuong informed about the socio-economic recovery and development program. Accordingly, up to now, VND 22,000 billion has been disbursed, focusing on big programs.
In which, the loan program through the Bank for Social Policies for social housing tenants has disbursed more than 4,500 billion VND (out of the total amount allocated this year’s plan is 19,000 VND). billion) for more than 100,000 customers.
The program to support tenants, disbursed by May 20, has reached VND 1.7 billion.
Regarding the income tax exemption and reduction policy, about 11,800 billion VND has been supported out of the total 60,000 billion VND. This tax exemption and reduction policy will be implemented from February 2022.

Disbursed 22,000 billion VND under the program of socio-economic recovery and development
According to Deputy Minister Tran Quoc Phuong, a number of guiding legal documents are currently in the process of being completed and waiting for the competent authorities to issue them. Basically, the documents have been issued. For example, the Decree guiding the 2% interest rate support is now ready for urgent implementation. With the remaining 3 documents related to issuing decrees and guiding circulars, the agencies are speeding up the guidance 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, the presiding unit, has submitted to the Prime Minister and Deputy Prime Minister. After receiving the direction, the Ministry will continue to complete it as soon as possible. Guidelines for related ministries are also rushing to be completed.
VND 113,000 billion in public investment: Can’t be cut off
Regarding the 113,000 billion part of public investment in the program of socio-economic recovery and development, Deputy Minister Tran Quoc Phuong said that this amount was made similar to the public investment plan, strictly implemented in accordance with the law. provisions of the law, step by step.
According to Mr. Phuong, now that 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 to serve as a basis for approving investment policies. The Ministry of Planning and Investment has 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. .
“After this step, the second step is to compile a 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, “Mr. Phuong informed.

Deputy Minister of Planning and Investment emphasized that in public investment, it must be done step by step, cannot be cut off, otherwise it will violate the law.
Therefore, after allocating the plan, that is, after the National Assembly approves it, the Prime Minister will take the third step, which is to specifically assign the plan, the list of projects, and the amount of capital to the relevant ministries and localities. mandarin.
On that basis, step four is that ministries, branches and localities must approve investment decisions in programs and projects in the restoration program. After approving the investment plan, new capital can begin to deploy activities, the disbursement measures are site clearance, construction bidding.
“That is the progress as well as the implementation steps in the coming time. In public investment, it must be done step by step, cannot be turned off, otherwise it will violate the law, which is extremely taboo in the Law on Public Investment”, emphasized the Deputy Minister of Planning and Investment.
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