HCM city disbursed over 50% of public investment capital

Friday, 04/08/2017 21:27
In the first seven months of 2017, total disbursement of State budget capital for public investment in Ho Chi Minh (HCM) city fulfilled 50.5% of the capital plan assigned for the whole year, said the city Department of Planning and Investment on August 3rd.

Photo for illustration. (Source: dantri.com.vn)

Accordingly, from the start of the year, total State budget capital assigned to the city was VND26.183 trillion.

By the end of July 2017, total disbursed budget capital was VN13.214 trillion, in which the central budget capital was VND722 billion (fulfilling 22%), ODA capital was VND2.901 trillion (79.1%), and the city budget capital was VND9.589 trillion (50.8%).

Aiming to speed up the disbursement progress of public investment, the People's Committee urged speeding up the progress of clearing premises, checking every project, and considering the responsibility of leaders of departments, branches and districts in realizing the progress.

The city People’s Council has approved the mid-term public investment plan from 2016-2020, with total capital nearing VND171.895 trillion.

Of the total capital, VND21.89 trillion will come from the Central budget and VND150 trillion from the city budget./.

USD1 = VND22,770 in accordance with the exchange rate of Vietcombank on August 4th

BTA

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