Resolutely cut capital for projects that are not fully disbursed in 2017

The Ministry of Planning and Investment has just issued an official dispatch requesting central and local ministries, branches to urgently report on the implementation of Resolution No. 70/NQ-CP dated August 3, 2017 on key tasks and solutions to accelerate the implementation and disbursement of public investment plans.

Along with that, propose specific solutions to effectively use public investment plans, including resolutely cutting capital for projects that cannot be fully disbursed in 2017 to allocate for other important and urgent projects.

The Vinh Citadel moat project uses counterpart funds. Illustration photo: XH

For projects using state budget capital (domestic capital), by September 30, 2017, if disbursement reaches less than 30% of the 2017 capital plan, the 2018 plan will be resolutely not arranged to focus on implementing all the planned capital for 2017.

In preparation for the report on the socio-economic situation in September and the third quarter of 2017, the Ministry of Planning and Investment requests that central and local ministries, branches and localities continue to focus on implementing the solutions set out in Directive No. 24/CT-TTg dated June 2, 2017 of the Prime Minister; organize regular inspection, monitoring and supervision of the implementation progress of the solutions; report to the Government and the Prime Minister on the results and implementation status of assigned tasks.

For the Ministries of Finance, Planning and Investment, State Bank of Vietnam, Industry and Trade, Construction, Agriculture and Rural Development, Culture, Sports and Tourism, Public Security, Information and Communications to proactively review and monitor economic developments, carefully assess impacts in the monitoring field, promptly deploy, guide and supervise ministries, branches, central and local agencies to implement solutions to remove obstacles and difficulties, contributing to promoting economic growth according to the proposed growth scenario; at the same time, propose urgent tasks and solutions that need to be implemented...

Thuy Hien/baotintuc