According to the resolution of the People's Council of Tam Ky City, the total public investment capital for the 2021 - 2025 period of the city is 3,192 billion VND. Of which, land use revenue accounts for 2,198 billion VND; central and provincial support sources are nearly 474 billion VND; concentrated budget is 83 billion VND; other capital sources (over revenue, public asset arrangement...) are 200 billion VND; the source transferred from the 2015 - 2020 period is 236 billion VND.
By the end of 2024, reviewing the implementation results in the past 4 years and planning for implementation in 2025, Tam Ky City People's Committee said that the source transferred from the previous period is still guaranteed at 236 billion VND, the centralized budget source has increased slightly (increased by 5 billion VND). The remaining, some revenue sources with large proportions have decreased significantly, in which the largest decrease is the land use fee revenue.
According to the analysis of the city's financial planning sector, the 5-year land use fee collection plan is 2,198 billion VND, but after 4 years, only more than half of the target was collected, with 1,295 billion VND. It is expected that in 2025, an additional 359 billion VND will be collected, so the entire period of 2021 - 2025, this revenue source will only reach 1,654 billion VND, 540 billion VND short of the plan.
The reason is seen as the land market has been gloomy recently, the city's revenue has continuously not met the target for many years, forcing it to adjust the revenue plan.
In addition, the support from the Central and the province also tends to decrease with more than 141 billion VND. During this period, the budget revenue faces many pressures, the possibility of exceeding revenue is low, the sale of surplus public assets has not been implemented, so the capital plan of 200 billion VND but only collected a total of 8 billion VND. Therefore, the total investment capital mobilized for the entire period of 2021 - 2025 is expected to reach 2,287 billion VND, a decrease of more than 872 billion VND compared to the medium-term investment plan.
Faced with a large shortage of mobilized capital, to ensure the public investment plan is consistent with the actual situation, Tam Ky City has decided to adjust and supplement in the direction of cutting down many project categories that have not yet approved investment policies or investment projects; extending progress and reducing capital plans for projects that have not yet implemented compensation and site clearance, have not yet started construction, and projects that have not fully utilized the allocated capital.
Accordingly, the capital source will be reduced by VND 1,146 billion, including cutting and removing 37 projects (VND 253 billion) from the 2021-2025 medium-term public investment portfolio; extending the progress and reducing the investment plan to match the capital balance capacity (VND 858 billion); reducing the reserve source (VND 34 billion).
In addition, the city will also create opportunities for some projects to be supplemented and have their capital increased to speed up progress and meet local development requirements. Specifically, the city has decided to add 6 new project categories with urgent needs, 8 completed project categories for final settlement; at the same time, increase capital for groups of transitional projects, newly started projects, projects with good progress... with a total capital of 274 billion VND.
Source: https://baoquangnam.vn/sut-giam-nguon-thu-tam-ky-cat-giam-chon-loc-du-an-dau-tu-cong-3147164.html
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