Some Solutions to Improve Public Investment Capital Management of Quoc Oai District:

In the coming time, the district will direct the improvement of the quality of planning, socio-economic development plans, sectoral and regional development plans. Review and supplement the district's overall socio-economic development plan, in which scientific arguments are identified to clearly define the priority direction for economic restructuring in the period up to 2030 and the following years. From there, Quoc Oai district needs to identify development investment goals such as:

- Invest in developing the transport network, prioritizing the development of transport infrastructure to ensure that traffic cannot be interrupted in any situation. It is necessary to focus on investing in and prioritizing the development of inter-commune and inter-district transport routes. Upgrade existing road traffic works; invest in new key works to improve the quality and complete the road traffic network.

- Investment in developing agricultural and forestry infrastructure plays an important role in the economy, both ensuring food demand and providing raw materials for industrial production.

- Regarding education and training: increase resources to take care of building school facilities to ensure adequate facilities according to national standard school construction standards; link the construction of national standard schools with the school consolidation program, build and upgrade a system of spacious classrooms with adequate teaching equipment and supplies.

Maybe you are interested!

- Regarding health: focus on upgrading and perfecting the grassroots health network, investing in complete national standards, commune and town health stations to meet the examination and treatment needs of the people. Focus capital on renovating, expanding, upgrading and supplementing equipment for district general hospitals to be able to basically solve the medical examination and treatment needs of the local people.

- Regarding culture, information and sports: carry out the work of restoring, preserving and embellishing historical and cultural relics, planning and building cultural and sports institutions of the district.

3.2. Viewpoints on perfecting public investment capital of Quoc Oai district (According to the Report on orientation of the public investment planning framework for the period 2021-2025, Resolution on orientation of the 5-year medium-term public investment plan for the period 2021-2025 of the People's Council of Quoc Oai district).

From the current situation of public investment capital management from the state budget of Quoc Oai district in the period of 2017-2019. The district needs to determine the direction to perfect the management of investment capital, strictly comply with the investment policy, arrange capital plan, manage investment process, construction investment costs, manage advance payment, payment and settlement of investment capital according to current regulations of the state.

- Strengthen the direction and management of the District People's Committee on the management of public investment capital from the State budget. Complete the decentralization of management of investment capital plans.

- Improve the investment management capacity of officials at all levels, sectors, investors and the Quoc Oai District Construction Investment Project Management Board. Improve the relationship between financial agencies and investment capital payment agencies, the relationship between the appraisal of investment capital allocation plans, investment capital payment and the settlement of investment capital of completed projects.

- Strengthen the coordination of departments, professional boards, People's Committees of communes and towns in the information, report synthesis, inspection and handling of difficulties in the management of public investment implementation using state budget funds. Professional departments need to have close coordination and focus on removing and resolving difficulties and problems proposed by investors and contractors.

- Every month and quarter, the leaders of the Finance - Planning Department, the District Treasury and the leaders of the agencies assigned to manage investment capital should hold meetings to inform and jointly resolve difficulties, problems, shortcomings and limitations in the management of investment capital and payment.

Accounting and settlement of investment capital. Periodically, the Board, the People's Committee of the commune, and investors review the implementation progress and investment targets of projects in the year to adjust the investment capital plan according to their authority, adjust the investment capital plan of projects that cannot be implemented to projects that are implemented ahead of schedule, have outstanding volume, and projects that can be completed ahead of plan in the year. Only by doing so can investment capital management achieve the highest efficiency.

- Strengthen the application of information technology advances in basic construction management, in examining investment capital plans, controlling investment capital payments, and finalizing investment capital of completed projects; Research and improve the step-by-step construction of an information system from district to commune and town levels to grasp information, operate and manage smoothly to reduce management time and costs. Implement well the information reporting regime on the situation of construction investment management, implementation of annual investment capital plans, and the situation of payment and finalization of investment capital according to regulations.

- Strengthen inspection and supervision at all stages of the investment process. Focus on handling problems in construction investment management.

3.3. Some solutions to improve public investment capital management of Quoc Oai district:

To strengthen the management of state budget investment, improve the efficiency of capital use and ensure that works and projects are implemented to meet technical requirements, quality and progress, and avoid overdue construction debt, the 2021 public investment plan focuses on the following solutions:

3.3.1. Completing public investment capital planning

- Make capital plans in accordance with the provisions of the 2019 Law on Public Investment, the State Budget Law, Decree No. 40/2020/ND-CP dated June 4, 2020 of the Government detailing the implementation of a number of articles of the Law on Public Investment and

guidance of the City, Department of Planning and Investment; At the same time, it is necessary to innovate the method of planning public investment capital of the district.

Regularly seek the leadership and direction of the City Party Committee, People's Council, People's Committee and City Departments and branches; the Standing Committee of the District Party Committee, the Standing Committee of the District Party Committee and the District People's Council in the process of implementing tasks on investment and construction work.

Directing efforts to complete the budget collection plan assigned by the City and approved by the District People's Council, ensuring investment capital according to the set plan. Focusing on organizing land use rights auctions. At the same time, doing a good job of preparing investment in auction projects to prepare for the 2021 - 2025 period. Reviewing, urging, and coordinating with investors of projects related to land use fees payment to ensure increased revenue for the budget.

The annual public investment capital planning needs to focus on ensuring the balance between the volume plan and the investment capital plan, avoiding the situation where there are projects with volume but lack of capital, and projects with capital allocation but no payment volume. To do so, in the work of allocating the annual public investment capital plan, the following principles must be thoroughly understood:

+ Prioritize capital allocation for projects completed during the year, transitional projects and key projects of the district to soon put the projects into operation, improving the efficiency of investment capital use.

+ Prioritize allocating sufficient capital for compensation costs for site clearance and site clearance of projects.

+ Arrange sufficient capital for planning work and investment preparation capital so that projects can be implemented smoothly in the years.

- Clearly define the responsibilities of each level in arranging investment capital levels and investment capital sources for each project in the planning year in accordance with the progress of project implementation approved in the investment decision.

- Improvements in annual budget management: Review the results of the implementation of the investment capital plan of units in the last six months of the year to have measures to transfer the capital plan of projects that are unable to complete the plan to projects with volume of implementation but lack of capital. Minimize and move towards not transferring capital for basic construction to continue payment in the following year. Have measures to deal with the investor units, many of which do not complete the public investment plan.

- Develop long-term investment plans based on socio-economic development plans according to approved sectoral and territorial planning.

- Planning work must be one step ahead to form the basis for medium and long-term investment plans. On the basis of medium and long-term investment plans, a list of investment priorities must be established to carry out investment preparation work as a basis for arranging annual investment plans.

Building a master plan for socio-economic development of the district, industry development planning, land use planning and construction planning in a synchronous and closely related manner, ensuring balance between regions and fields is the basis for implementing basic construction investment in the area effectively and sustainably.

To improve the quality of planning projects, the review and approval of planning must follow the following order:

- The master plan for socio-economic development must be established and approved in advance; on this basis, the development plan for the industry and construction plans can be developed.

- Developing sectoral and regional development plans; land use planning and construction planning in a synchronous and closely related manner, ensuring balance between regions and fields is the basis for project implementation.

Strengthen inspection of planning management to promptly rectify and improve the quality of planning work, minimize and eventually completely eliminate the phenomenon of demolition and re-construction, repair, patchwork, etc., which causes waste of state capital and assets in investment and construction activities that have been commonly encountered up to now.

Publicly and widely announce all types of planning and the time for implementing planning tasks on the media so that people and agencies at all levels and sectors can monitor and supervise implementation.

- Improve the capacity and responsibility of consulting units in preparing investment project dossiers.

- Strengthen the responsibility of the Investor in selecting consulting units to ensure that the selected consulting units have sufficient capacity and expertise to serve the project preparation process.

- Improve the quality of examination and appraisal of design documents and estimates to ensure accuracy, correct calculation of volume and standards, and avoid cost overruns that cause damage to the budget.

3.3.2. Completing the organization and implementation of public investment capital plans

- Strictly control the preparation, appraisal and approval of investment projects in accordance with the provisions of the Law on Public Investment and the Law on Construction. Focus on urging investment preparation work in 2021, especially removing difficulties and obstacles in projects to build cultural houses, schools, etc. that are still lacking.

- Capital planning must be done from the beginning of the planning year and must comply with the prescribed principles, criteria and norms.

- Prioritize capital and focus capital on key projects.

- The investment capital plan must be linked to the actual needs of the project in accordance with the construction progress of the project items.

- Resolutely not allocate capital to projects without investment procedures, projects

not in accordance with the approved plan and must ensure capital for the projects to be implemented on schedule.

- Resolutely overcome the situation of capital planning in an average and spread-out manner; completely resolve the outstanding debt situation in public investment projects.

- Build strong enough sanctions so that the management of the investment process and investment planning are carried out strictly, with full procedures and within the prescribed time; put an end to the situation where projects are arranged outside the plan.

- The work of allocating and adjusting plans must require Investors and Project Management Boards to base on the actual construction progress of projects and current regulations on investment management to build their unit's capital plan reasonably.

- Proactive and closely manage investment expenditure from the bank.

book.

- Conduct review, inspection and verification of outstanding debts of construction investment capital.

construction, on that basis, arrange capital to make final payment for completed projects put into use but not yet paid.

- Develop a reasonable debt settlement plan.

- Regularly review, synthesize and report to the District People's Committee promptly on the shortcomings, difficulties and problems of the project settlement records, and at the same time propose appropriate solutions to promptly resolve the records.

3.3.3. Completing the settlement of public investment capital

First, payment of investment capital: disbursement of investment capital plays a very important role in investment and basic construction activities. It is not only meaningful in solving financial problems for contractors, in speeding up construction, and early handover of works for exploitation and use, but it also has a direct impact on economic relations at the macro level.

However, in reality, the current situation of investment capital disbursement is slow, and the common phenomenon is that payments are made in December and January of the following year. To gradually overcome this problem, the following measures need to be taken:

- In the annual budget allocation: Allocate sufficient investment capital for planning, investment preparation, site clearance costs and counterpart funds (if any) to facilitate the implementation of construction investment and disbursement of capital payments. To overcome this problem, it is important to ensure that the conditions for recording the plan are in accordance with regulations.

- Require investors to urgently complete the design-estimate approval procedures, select contractors to start construction soon. When the volume is completed, there must be an organization to inspect and promptly prepare payment records.

- The payment issuing agency must ensure payment on schedule as prescribed. Strictly and publicly implement the payment process. Overcome the paradox that the State has capital, investors and contractors need capital but are stuck in delays. On the other hand, it is necessary to pay attention to improving the professional capacity and sense of responsibility of capital payment officers to meet the requirements of management quality and work processing time. Strictly prohibit harassment and authoritarianism of capital payment officers.

- Improve the quality of capital payment document examination: Through practice, it is shown that checking and controlling payment price vouchers is very important to prevent loss and waste in construction investment management.

Establish a hotline to promptly handle problems in the capital payment process. Strictly punish cases where investors and payment officers of the Treasury have an attitude of harassment and suppressing payment records of contractors without legitimate reasons to set an example of discipline in investment capital payment management.

Comment