Over 2.2 billion USD spent on national target programmes

As much as 51.7 trillion VND (2.25 billion USD) of the State budget was spent on implementing national target programmes in 2017, including 15.2 trillion VND (664.2 million USD) sourced from the central budget and 11 trillion VND (480.7 million) of investment capital for development.

Wednesday, February 28, 2018 10:53

Over 2.2 billion USD spent on national target programmes ảnh 1

More than 2.8 billion USD) was mobilised from enterprises and individuals for social welfare activities, new rural development and building of essential infrastructure facilities in disadvantaged localities (Source: VNA)

Hanoi (VNA) – As much as 51.7trillion VND (2.25 billion USD) of the State budget was spent on implementingnational target programmes in 2017, including 15.2 trillion VND (664.2 millionUSD) sourced from the central budget and 11 trillion VND (480.7 million) of investmentcapital for development.

About 36.5 trillion VND (nearly 1.6 billion USD) sourced from localities’budget was allocated for the scheme, with 33.8 trillion VND (nearly 1.48billion USD) for the national target programme on new rural development and over2.6 trillion VND (113.6 million USD) topromote sustainable poverty reduction.

The bank sector invested in communes across the country, contributing to realisingtargets related to new rural development.

Banks also provided low-interest loans to poor and near-poor households,those newly escaped from poverty and other policy beneficiaries, aiming to foster sustainablepoverty reduction and ensure social welfare.

Notably, the Vietnam Bank for Social Policies disbursed 55.1 trillion VND (2.4billion USD) in the year, contributing to accelerating the implementation of criteriaon new-style rural area building.

By the end of 2017, the outstanding loan balance of creditinstitutions in communes nationwide reached 871 trillion VND (38 billion USD),up 20.02 percent against the end of 2016.

Besides sources from the State budget and support from credit institutions, nationaltarget programmes also received resources from Vietnam’s development partners,businesses and individuals.

More than 64.2 trillion VND (2.8 billion USD) was mobilised from enterprisesand individuals for social welfare activities, new rural development and buildingof essential infrastructure facilities in disadvantaged localities.

Several donors pledged to provide over 3.646 trillion VND in officialdevelopment assistance (ODA) for the country’s national target programmes in2016-2020, including 153 million USD from the World Bank, and 12 million USDfrom the Irish government.

According to the Ministry of Planning and Investment, the disbursement rate fornational target programmes in 2017 was estimated at 74.6 percent, with those inthe northern provinces of Bac Kan, Lai Chau, Hai Duong and Nam Dinh, thecentral provinces of Ha Tinh and Quang Nam and Mekong Delta Tien Giang provincereaching 100 percent.-VNA

VNA

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