June 23, 2018 19:01

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Investment from state budget exceeds VND29 trillion in two months

14:26 | 05/03/2018

Total investment capital from the State budget was estimated at more than 29 trillion VND (1.27 billion USD) in the first two months of 2018, equivalent to 8.6 percent of the yearly plan.

Of the figure, which was 6% higher than the same time last year, VND5.6 trillion (US$247.8 million) came from the central budget, up 0.5% year-on year, and the remaining was managed by localities.

In February, total investment from the State budget was calculated at VND12.58 trillion (US$553.52 million).

investment from state budget exceeds vnd29 trillion in two months

The Ministry of Planning and Investment (MPI) said most of the capital has been spent on construction works that began in 2017 and brand new projects.

According to the MPI, the total investment capital from the State budget, excluding Government bonds, planned for 2017 was VND

307.15 trillion (US$13.5 billion).

By the end of June 2017, more than VND303.07 trillion (US$13.3 billion) or 98.7% of the sum was allocated. The remaining VND4.074 trillion was capital intended for the national target programme on climate change response and green growth, two new projects of the Ministry of Agriculture and Rural Development and the northern mountainous province of Ha Giang, and capital allocated by ministries, agencies and local administrations in violation of rules.

Source: VNA