News

Investment from State budget estimated at VND387.7 trillion

Summary

According to the data from the Ministry of Planning and Investment, from January to October, 2022, the investment from the State budget reached 67.1% of the plan, up 20.1% year-on-year.

Updated on : 18-11-2022

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.

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.