(HBO) – Hoa Binh has been allocated over 3.39 trillion VND (148.26 million USD) in investment capital from the State budget 2022. The provincial People’s Council approved 4.19 trillion VND worth of public investment, of which 3.82 trillion VND has been allocated to projects.


The last items of the project on upgrading provincial road 432 are being completed. The operational sections have contributed to local socio-economic development.

Of the amount, 1.86 trillion VND comes from the provincial budget balance, 798.9 billion VND from the extra amount in local budget collection, 732.5 billion VND from the central budget, and 422.6 billion VND worth of foreign investment.

The remaining 369.2 billion VND is expected to be earmarked for projects under the socio-economic development scheme for residential areas around Da River included in the mid-term investment plan for 2021-2025. Project to improve and upgrade provincial road 435 is being completed the last items by the construction unit. The route put into operation has promoted socio-economic development of communes in Hoa Binh lake area.

As of February 28, the province disbursed 518.8 billion VND worth of public investment, completing 15 percent of the target assigned by the Prime Minister, and 14 percent of the amount already allocated to projects.

As much as 453.7 billion VND from the provincial budget balance had been disbursed, fulfilling 24 percent of the amount assigned by the PM and 17 percent of the capital allocation for projects.

Meanwhile, 57.2 billion VND from domestic central budget and 7.8 billion VND from foreign sources had been disbursed. /.


 


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