over 819 billion VND of public investment disbursed

9/12/2019 - 6:13:06 PM

(HBO) - According to reports from the provincial People’s Committee, Hoa Binh’s plan for investment capital sourced by the State budget in 2019 is worth over 2.47 trillion VND. Of the sum, 2.445 trillion VND has been allocated to specific projects.

Only 24.98 billion VND, which belongs to the National Target Programme on sustainable poverty reduction, has not been allocated to any projects.

Thanks to the public investment capital resources,construction work has been accelerated on Road No. 435 from Hoa Binh City to Ngoi Hoa commune of Tan Lac.

By August 20, the province disbursed 819.6 billion VND in public investment, equal to 33 percent of the set plan.

Of the disbursed capital, 574.4 billion VND was from the province’s budget, or 40 percent of the year’s plan, and 169.2 billion VND was from the State budget’s allocation for targeted support.

However, the disbursement of foreign official development assistance (ODA) reached 22.9 billion VND, or 7 percent of plans, and the rate of disbursement in capital allocation for the National Target Programme on new rural development was only 13 percent, equivalent to 53 billion VND.

Meanwhile, no capital for the National Target Programme on sustainable poverty reduction has been disbursed.

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