Total capital for public investment in 2023 is over VND 18.67trillion

Provincial People's Committee has just issued the Decision No. 3679/QD-UBND on the assignment of public investment plan in 2023 with local State budget capital.

Accordingly, the province’s total capital of public investment plan in 2023 is more than VND 18.67 trillion, including more than VND4.56trillion from basic construction investment capital; VND 3.5trillion from land use levy, more than VND1.67 trillion from lottery revenue; more than VND1.81 trillion from land use levy in 2022; VND100 billion from lottery revenue in 2022; VND 306.8 billion from the local State budget overspending (on-lending capital from the Government's foreign loans), more than VND6.71trillion from land use right auction.

Thus, compared to 2022, the local budget for public investment increases by 2.17 times. If including capital from the central State budget in 2023 assigned by the Prime Minister, the province's total public investment plan in 2023 will be more than VND21.81trillion, the highest figure ever. This is the result of the intense attention and direction of provincial Party Standing Committee in mobilizing resources to invest in the local infrastructure system for socio-economic development. Especially, projects that create a space for the province's development in the coming time such as belt roads 3, 4, Ho Chi Minh city - Thu Dau Mot - Chon Thanh highway, Saigon-Thu Dau Mot riverside road …

Reported by Ngoc Thanh-Translated by Kim Tin