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The reason why ministries, branches and localities have not yet allocated 100% of the state budget investment plan from the central budget in 2024 is mainly because of newly started projects that have not completed investment procedures according to regulations to be eligible for annual capital plan allocation.
In addition, there are a number of other reasons, such as transitional projects needing to report to the Prime Minister for permission to extend the capital allocation period as prescribed in Article 52 of the Law on Public Investment; capital allocated to projects under the three national target programs is facing difficulties in the implementation process. At the same time, capital allocated to projects is being compiled and submitted to competent authorities for approval to adjust the medium-term public investment plan for the period 2021 - 2025. Or projects are reviewing and adjusting investment content according to regulations; projects under the Socio -Economic Recovery and Development Program no longer need to arrange capital plans for 2024, because capital has been arranged from the 2023 plan source extended to 2024 .
Source: THNM News Bulletin April 21, 2024
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