Nghe An: Disbursement of capital for national target programs only reached over 15%

Stuck with land acquisition and clearance, the disbursement progress of the Vinh - Cua Lo road project is currently slow. Photo: Viet Phuong

Reporting on the implementation of the construction investment plan in the first 6 months of the year at a recent online conference of the Provincial People's Committee, Director of the Department of Planning and Investment Nguyen Van Do said that currently, the progress of disbursement of public investment capital in Nghe An has reached over 44% (higher than the national average (32.53%) and higher than the same period (nearly 40%).

However, the three low disbursement sources that reduce the province's overall disbursement rate are the national target program source, government bond source and foreign capital source. In particular, the national target program source was planned to be allocated 557,844 million VND, but so far only more than 84,000 million VND has been disbursed, reaching only over 15%.

Of which, for the national target program on sustainable poverty reduction, the plan was assigned 238,444 million VND, but so far the disbursement has only reached 15%. The reason for the delay is that the allocation consultation process had to go through many rounds of discussion. Therefore, it was not until May 3, 2018 that a decision was made to allocate in detail to the projects with the amount of 224,685 million VND; currently there is 13,759 million VND that has not been allocated.

Graphics: Viet Phuong

Regarding the source of the national target program for new rural construction, the 2018 plan for development investment is 319,400 million VND, which has been allocated by the Provincial People's Committee according to the norm for communes but has not been allocated in detail for projects. Due to the slow implementation of the complete dossier procedures of some localities, up to this point, only the first detailed allocation with the amount of 182,696 million VND has been made; the remaining capital that has not been allocated in detail is 136,704 million VND, this capital is mainly expected to be allocated to new projects, but these projects are only in the stage of completing dossier procedures so they are not eligible for capital allocation.

The slow disbursement of public investment capital in the national target program sector affects the progress of public investment disbursement in general, reducing the positive impact of projects and works that have been decided for investment on people's production and daily life.

Chairman of the Provincial People's Committee: Focus investment resources on key projects

(Baonghean.vn) - That was the directive speech of Chairman of the Provincial People's Committee Nguyen Xuan Duong at the online conference with districts and cities on the implementation of the socio-economic development plan and state budget estimate for 2019; meeting on basic construction work in the first 6 months of 2018 taking place on the morning of July 12.