Investment from State budget estimated at VND387 7 trillion

The investment from State budget in the ten months of Hanoi city rose 12.3%. Photo. Internet

Accordingly, the State spent VND53.6 trillion for investment, up 24.2% year-on-year. Of which, the investment from the Central budget rose 37.1% to nearly VND10 trillion, and from the local budget rose 21.6% to VND43.6 trillion.

From January to October 2022, the investment funded from the State budget rose 20.1% year-on-year to VND387.7 trillion or 67.1% of the year plan.

The investment from State budget in the ten months of 2022 made by some provinces into centrally-run cities is detailed as follows – Hanoi city disbursed VND363,77.3 billion, up 12.3%; Ho Chi Minh City disbursed VND232,74.3 billion, up 56.2%;

Quang Ninh 134,74 billion, down 8.7% and Hai Phong city VND124,98 billion, up 18.6% year-on-year.

The investment capital under central management increased 21.8% year-on-year to VND69.4 trillion, or 62.3% of the year plan. The ministries with investment capital made from the budget in the first ten months of 2022 surged were the Ministry of Construction (up 89.1%); Ministry of Agriculture and Rural Development (up 32.9%); Ministry of Natural Resources and Environment (up 28.9%); and Ministry of Transport (up 27.7%).

The investment capital under the local budgets rose 19.7% year-on-year to VND318.3 trillion or 68.2% of the year plan.

Hanoi works to speed up disbursement of investment projects

Of which, the provincial state budget capital reached VND209.8 trillion, equaling 64.4% of the plan and increasing 17.3% over the same period in 2021; the district state budget capital reached VND93.4 trillion, equaling 75.6% of the plan and increasing by 27.8% over the same period in 2021; the commune State budget capital reached VND15.1 trillion, equaling 86.2% of the plan and increasing by 8.1% over the same period in 2021.