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Mixeddecisionโšก Immediate

Decision No. 711 of 2024 on Continuation of Third Chapter Development Expenditure

28-11-2024ยทู…ุฌู„ุณ ุงู„ูˆุฒุฑุงุกยทุงู„ู…ุงู„ูŠุฉ
Analysis
Summary

The Council of Ministers authorizes continuation of 2023 development project payments into 2024-2025, treating them as non-liquidated financial authorizations. The Ministry of Planning gains authority to recycle unused allocations and issue new authorizations for priority projects. All entities receiving Third Chapter Development funds must submit monitoring reports before end of 2024.

Business Implication

Foreign contractors and consultants with ongoing or completed 2023 projects funded under Chapter 3 (capital/development budget) gain payment continuity through 2025. The Ministry of Planning's expanded authority to recycle funds and prioritize projects creates uncertainty around existing commitments but potential opportunity for alignment with new priorities. Entities must comply with enhanced reporting requirements or risk fund reallocation. Payment timelines remain opaque despite authorization.

Key Provisions
2023 project payment orders remain valid and become non-liquidated authorizations through 2024-2025
Ministry of Planning authorized to recycle unobligated balances from previous years to priority projects
Mandatory financial and technical monitoring reports due from all Chapter 3 recipients before end of 2024
Ministry of Planning may issue new non-liquidated authorizations for 2024 projects continuing into 2025
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