Ha Noi to spend over VND10,200 billion for sustainable poverty reduction (17:11 28/02/2017)

HNP - The Ha Noi Municipal People’s Committee has just promulagated the Decision No. 824/QD-UBND on realizing city’s sustainable poverty reduction plan in 2016-2020 period.

Accordingly, the city sets following targets:

- By the end of 2018, there is no commune/ hamlet in especially difficult circumstances under Program 135.

- By the end of 2020, poverty reduction is below 1.2%; poverty reduction is below 1.5% in rural areas, and below 3% in mountainous communes and ethnic minority areas.

- For the period of 2016 to 2020, poverty reduction is 1.7% in 2017, 1.4% in 2018, 1.2% in 2019, and 1.1% in 2020.

Total cost to realize the goals in the 2016-2020 period is estimated at over VND 10,200 billion, including over 7,125 billion to implement current policies of the Government and the city, VND 2,575 billion to implement projects under the National target program on poverty reduction, and VND 500 billion to realize preferential credit policy.

Regarding cost, around VND 4,190 billion is mobilized from the city’s budget, VND 2,249 billion from investment for development, over VND 5,703 billion from budget of districts, suburban districts and towns, and over VND 309 billion from enterprises, organizations and individuals.

Based on projects under the National target programs on sustainable poverty reduction and instruction of the Central, city’s agencies responsible for implementing projects shall proactively make plan on annual costs, submit to the Department of Labor, Invalids and Social Affairs. The Department will sum up and report to the Department of Finance and Authority of Planning and Investment, so that the latter will verify the plan, allocate funds and submit to the Municipal People’s Committee for further consideration.

By Le Anh

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