Cabinet permanent members discuss mid-term budget allocation

Permanent members of the government met in Hanoi on March 11 to deliberate the mid-term investment allocation plan, sourced from the State budget, for 2021-2025.

Prime Minister Nguyen Xuan Phuc speaks at the meeting. (Photo: VNA)

Hanoi (VNA) – Permanent members of thegovernment met in Hanoi on March 11 to deliberate the mid-term investmentallocation plan, sourced from the State budget, for 2021-2025.

Presiding over the meeting, Prime Minister NguyenXuan Phuc stressed the need to focus on important, key infrastructure projectsin order to give a boost to socio-economic development during the five-yearperiod.

Such projects would be coastal routes, belt roads ofmajor economic centres and urban areas, regional expressways, infrastructurefor national digital transformation, and science-technology, he said.

Apart from economic projects, more attention shouldbe paid to those covering socio-cultural aspects such as major hospitals, hesuggested, adding that the allocation of investment must ensure the balancebetween regions.

The PM said the plan plays an important role in thecause of national development, with regard to economy, society, national defenceand security.

The leader urged ministries, agencies and localitiesto mobilise different investment sources for infrastructure development,through official development assistance (ODA), public-private partnership (PPP),and local budget.

PM Phuc asked the Ministry of Planning andInvestment to join hands with the Ministry of Finance and other relevantministries and agencies to consider opinions raised at the meeting so as tocomplete a report on the allocation plan./.
VNA

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