Of the figure, the state budget will account for VND222 trillion while the remaining VND294.7 trillion will be sourced from local budgets, up 15.4% as against 2021.
According to the MPI, public funding in 2022 will focus on building expressways, seaports, digital infrastructure, important databases, innovative start-up projects, national important projects and inter-regional projects.
Public investment will also be spent on coastal road projects and several projects of great importance and urgency to spur economic recovery after the damage done by COVID-19.
Other projects set to use public investment in 2022 include national target programmes on building new rural areas, sustainable poverty reduction and socio-economic development in mountainous and ethnic regions.
In order to remove obstacles to public investment, the Government has issued new guidelines on relending ODA and preferential loans.
The Prime Minister also decided to set up a working group on the pilot scheme to separate site clearance and resettlement from investment projects and asked ministries, agencies and local authorities to step up efforts to accelerate public investment disbursement./.
Source: nhandan.vn