VND56 trillion of unallocated public investment capital

It is forecasted that by the end of July, more than VND56 trillion of public investment capital from the state budget in 2022 will not have been allocated

According to the report of the Ministry of Finance, it is estimated that by the end of July, the detailed allocation of public investment capital from the state budget in 2022 is VND534,596,939 billion; 98.61% of the plan.

In particular, the allocation of localities increased compared to the plan assigned by the Prime Minister is VND48,948,071 billion. Excluding the increase in the number of local budget balancing capital plans assigned by localities, the total allocated capital is VND485,648,868 billion, reaching 89.59% of the plan assigned by the Prime Minister.

Currently, the amount of unallocated capital in detail is VND56,457,027 billion, accounting for 10.41% of the plan assigned by the Prime Minister. In particular, ministries and central agencies have unallocated capital of VND7,124 billion; localities have unallocated capital of VND49,332 billion.

As for capital from the central budget, currently 10/51 ministries and 13/63 localities have not fully allocated the capital plan assigned by the Prime Minister. The reason is that ministries, central and local agencies have not yet allotted detailed capital plans to be allocated to new projects that have not yet completed investment procedures or are not included in the central public investment plan in the period 2021-2025.

Regarding local budget capital, 46 localities assigned capital plans to balance local budgets, an increase compared with the Prime Minister's allocation from land use revenue, revenue increase, and local lottery sources.

However, there are 11 localities that have not fully allocated the capital plan to balance the local budget. The reason is that some localities have just assigned the first phase plan, while some other projects have not completed investment procedures, and the budget deficit source will be allocated later.

As for the national target program capital, by the time of reporting, the Ministry of Finance received the report on the allocation of planned capital of 15 out of 52 localities. However, only Kon Tum province has allocated detailed capital following the list of investment projects, meaning the remaining localities have only allocated capital plans to affiliated units.