Speed ​​up the disbursement of investment capital in 2016

(Baonghean.vn) - On August 30 in Vinh City, Nghe An State Treasury held a seminar to discuss solutions to speed up the disbursement of investment capital plans and state budget estimates for 2016. Also attending the meeting were representatives of the Provincial People's Committee Office, Department of Finance, Department of Planning & Investment, investors, Project Management Boards and state budget-using units.

Delegates attending the meeting

Implementing Resolution No. 01/2016/NQ-CP of the Government on key solutions to direct and implement the socio-economic plan and state budget in 2016, right from the beginning of the year, Nghe An State Treasury has had many solutions to implement, contributing to speeding up the disbursement of capital for basic construction investment. By July 31, 2016, the total capital paid was 4,451 billion VND, reaching 50% of the plan.

Along with disbursement, the provincial State Treasury has strictly controlled regular expenditures of the state budget through the treasury system. This is one of the regulations on principles, records, procedures, and time for controlling regular expenditures in accordance with the regulations set forth by the Ministry of Finance.

Ms. Hoang Thi Xuan, Director of Nghe An State Treasury spoke at the seminar.

In the first 7 months of 2016, Nghe An State Treasury actively urged investors and project management boards to speed up construction progress, complete payment records for completed volumes to recover advanced investment capital of more than 700 billion VND. However, the remaining advanced investment capital balance in the province is still more than 1,200 billion VND.

Ms. Dau Thi Vinh, accountant of Ban Mong Project Management Board, made recommendations about difficulties in disbursing compensation costs for site clearance.

Nghe An State Treasury has sent many documents to the Investor and Project Management Board requesting to complete the dossier to submit to the competent authority for approval of final settlement. As of June 30, 2016, there are still 3,215 projects without final settlement approval decisions sent to the State Treasury.

Mr. Nguyen Huu Le, Director of Nghe An Eye Hospital, exchanged opinions at the conference.

At the seminar, the Provincial State Treasury had many opinions to participate with functional agencies at all levels in building a mechanism to manage and control capital expenditure for basic construction investment in the direction of reform such as: business processes, payment control principles and especially simplifying administrative procedures on records and documents for payment of investment capital.

Implement the project of opening a turn to prevent traffic congestion in Vinh City from state budget capital.

In addition, opinions also raised a number of issues related to the role of the State Treasury in focusing more on inspection, examination, review and grasping the disbursement of planned investment capital in 2016 of each project.

The State Treasury must always be transparent with investors and project management boards about the disbursement of capital for basic construction investment, helping units grasp the implementation status of their investment projects in order to have appropriate adjustment measures to speed up the disbursement of investment capital at each unit according to the plan and schedule.

Quynh Lan