Management of basic construction investment expenditure from state budget at the Ministry of Information and Communications

Investors in preparing and submitting for approval the completed investment capital settlement report.

- It is necessary to further overcome the backlog in slow bidding and site clearance compensation to carry out projects quickly, cost-effectively and effectively.

- To repay capital for basic construction investment, ensure capital management and state budget collection according to regulations, investors (project management boards) need to carefully review the project implementation progress to focus on organizing and directing implementation in order to soon complete and put into use.

3.3. Recommendations to relevant authorities

Maybe you are interested!

3.3.1. For the Government

Propose that the Government supplement the functions and powers in handling units using the State budget that violate the regulations on slow disbursement, causing waste of investment capital; slow recovery of advances; slow annual settlement of public investment capital; failure to evaluate public investment projects; violations in the use of investment capital for purposes other than those of investors and contractors; violations of contract progress, etc. by means of deduction when paying project management costs (for fining investors), deduction when paying completed volume (for contractors) into the temporary penalty account pending settlement opened at the State Treasury or resolutely not handing over investment capital (if there are repeated violations, stop and do not hand over as project investor).

3.3.2. For ministries, departments and branches

Central ministries and branches need to continue to improve policies, regimes, and standards to ensure consistency, uniformity, and suitability with reality and to be specified in accordance with the conditions of each ministry, branch, and locality (especially labor cost norms, materials, and management costs to suit the market and technological development trends in the period of economic integration). Regularly pay attention to the increase and decrease in prices of raw materials and materials.

materials, machinery, equipment, to direct the competent authorities to develop new unit prices as a basis for the Investor to establish and adjust the estimate promptly.

The current State Budget Law does not have specific provisions on the authority and responsibility of the investment decision maker, the investor and the responsibility of agencies and units in the management of development investment capital (capital allocation, payment and accounting, and final settlement of investment capital). Therefore, it is necessary to supplement specific provisions in the State Budget Law on the authority and responsibility of the investment decision maker, the investor and the responsibility of agencies and units in the management of investment capital from the State budget.

CONCLUDE

Managing capital construction investment expenditure from the state budget is an extremely difficult management field, because it depends on many factors, not only mechanisms, policies, and people, but also many other objective factors. The topic "Managing capital construction investment expenditure from the state budget at the Ministry of Information and Communications" has solved the following problems:

(1) Clarify basic theoretical issues on management of construction investment expenditure from state budget sources.

(2) Analyze the current status of management of construction investment expenditure from the state budget at the Ministry of Information and Communications from 2017 - 2019, clarify the achievements, point out the limitations and main causes.

(3) Provide development orientations and solutions to continue improving the management of construction investment expenditures from the state budget at the Ministry of Information and Communications in line with the context, conditions and new requirements.

However, during the research process, the topic has not been resolved:

(1) The research time of the thesis is not long.

(2) Proposing solutions to improve the management of construction investment expenditure from the state budget at the Ministry of Information and Communications without taking into account changes in the environment, especially changes in mechanisms and policies in the coming time.

LIST OF REFERENCES

1. Ministry of Finance (2016), Circular 09/2016/TT-BTC dated January 18, 2016 of the Ministry of Finance regulating the settlement of completed projects funded by State capital.

2. Ministry of Information and Communications (2017), Project "Research and proposal of procedures, criteria and some solutions for implementing online bidding at the Ministry of Information and Communications" (Code: DT.07617).

3. Ministry of Information and Communications (2020), Project "Research and proposal of project effectiveness assessment method to serve investment supervision of the Ministry of Information and Communications" (Code: DT.60/20).

4. Ministry of Construction (2016), Circular No. 16/2016/TT-BXD dated June 30, 2016 of the Ministry of Construction guiding the implementation of a number of articles of Decree No. 59/2015/ND-CP dated June 18, 2015 of the Government on the form of organization of construction investment project management.

5. Ministry of Construction (2019), Circular 09/2019/TT-BXD dated December 26, 2009 of the Ministry of Construction guiding the determination and management of construction investment costs .

6. Ministry of Construction (2019), Circular No. 10/2019/TT-BXD dated December 26, 2019 of the Ministry of Construction promulgating construction norms .

7. Thai Ba Can (2007), Financial management in the field of construction investment , Finance Publishing House, Hanoi.

8. Government (2014), Decree No. 63/2014/ND-CP dated June 26, 2014 of the Government detailing the implementation of a number of articles of the Law on Bidding on contractor selection.

9. Government (2015), Decree 59/2015/ND-CP dated June 18, 2015 on management of construction investment projects.

10. Government (2015), Decree No. 32/2015/ND-CP dated March 25, 2015 on management of construction investment costs.

11. Government (2015), Decree 37/2015/ND-CP dated April 22, 2015 of the Government detailing construction contracts .

12. Government (2015), Decree No. 46/2015/ND-CP dated May 12, 2015 on quality management and maintenance of construction works.

13. Government (2017), Decree 42/2017/ND-CP dated April 5, 2017 amending and supplementing a number of articles of Decree No. 59/2015/ND-CP dated June 18, 2015 of the Government on management of construction investment projects.

14. Government (2019), Decree No. 68/2019/ND-CP dated August 14, 2019 of the Government on management of construction investment costs .

15. Government (2020), Resolution No. 01/NQ-CP dated January 1, 2020 of the Government on strengthening the management of investment capital from the state budget and government bond capital.

16. Nguyen Thanh Giang (2017), ( Management of basic construction investment capital from the State budget in developing road infrastructure in Thai Nguyen province), Master's thesis, University of Commerce .

17. Academy of Finance (2005), Financial theory textbook, Finance Publishing House, Hanoi.

18. Nguyen Thi Huyen (2017), (Management of basic construction investment capital from the state budget of Ha Nam province), Master's thesis, University of Commerce.

19. Truong Ngoc Thanh (2017), (Management of basic construction investment capital from the state budget in Tu Ky district, Hai Duong province), Master's thesis, University of Commerce.

20. Historical documents (Yellow pages of Information and Communication industry).

21. National Assembly (2019), Law on Public Investment .

Phung Thi Kim Quynh (2017), (Controlling capital construction investment expenditure from the state budget through the Tran Yen State Treasury, Yen Bai province).

Management of basic construction investment expenditure from state budget at the Ministry of Information and Communications - 10

Comment