Nghe An: Public investment disbursement results in the first quarter of 2024 are higher than the same period

Since the beginning of 2024, many drastic solutions have been implemented to urge and support localities, units and agencies in disbursing public investment, periodically (every 10 days) synthesizing and reviewing the progress of disbursement rates. As of March 20, 2024, the concentrated public investment capital managed by the province has disbursed 571,517 billion VND, reaching 12.35%, 5.06% higher than the same period in 2023.

In particular, some capital sources have achieved good disbursement rates such as: National Target Program on New Rural Construction reached 55.49%; lottery revenue reached 32.75%; land use revenue reached 18.78%...

There are 15/67 localities, units, and investors with disbursement rates in the first quarter reaching over 30% such as: Vinh City 49.83%, Do Luong 44.4%, Nam Dan 41.01%, Thanh Chuong 40.36%, Yen Thanh 39.9%, Nghi Loc 36.25%, Tan Ky 33.79%, Nghia Dan 33.14%. Some high schools have disbursement rates over 80% such as Dien Chau 4 (90.08%), Do Luong 3 (88.95%), Quynh Luu 3 (82.44%).

Right from the beginning of the year, after the Prime Minister's Decision and the Provincial People's Council's Resolution on public investment sources with a total plan assigned in 2024 of 9,076.67 billion VND, of which 4,628.57 billion VND was put into concentrated public investment under the province's management, up to now, the province has completed the detailed assignment of 100% of the capital plan for projects to implement, much faster than in 2023.

After assigning the plan, the Provincial People's Committee resolutely directed the units to accelerate the construction progress and disbursement of the 2024 public investment capital plan: issued 1 decision and 3 documents to thoroughly grasp, direct and urge the disbursement of the 2024 plan; immediately established 1 provincial-level working group, 2 department-level working groups and assigned tasks to the Vice Chairmen of the Provincial People's Committee and related departments and branches to monitor each project; directed investors to develop plans and commit to monthly disbursement; assigned the Department of Planning and Investment to review and summarize the implementation and disbursement status of each unit periodically every 10 days...

In March 2024, the province focused on reviewing and handling the remaining undisbursed capital under the 2023 public investment plan. Regarding the central budget, the Provincial People's Committee reported to the Ministry of Planning and Investment and the Prime Minister to propose allowing extensions for 3 domestic capital projects of 65,999 billion VND and 1 foreign capital project of 47,646 billion VND.

Regarding the local budget, the Provincial People's Committee has completed the plan and plans to submit it to the Provincial People's Council in the thematic meeting in April 2024 to allow extension for 7 projects with a capital of VND 8,713 billion and arrange from recovered capital for 2 other projects with a capital of VND 13,852 billion.

As of March 20, 2024, in addition to localities and units with a fairly high disbursement rate, there are still 41/67 units with slow disbursement (rate below 10%), of which 26 agencies and units have not yet disbursed (0%).
Specifically, some units have large plans but have not yet disbursed funds, such as: Nghe An Obstetrics and Pediatrics Hospital (50 billion VND), Provincial Military Command (38.5 billion VND), Nghe An Provincial Boarding Ethnic Minority High School (37.097 billion VND), Nghe An Northwest Irrigation One Member Co., Ltd. (33.1 billion VND), Department of Culture and Sports (29.913 billion VND), Department of Home Affairs (24 billion VND), Rural Development Sub-Department (13.405 billion VND), Provincial Border Guard Command (12 billion VND)...
Some localities with low disbursement include: Ky Son (1.14%), Tuong Duong (4.55%), Hung Nguyen (5.61%), Que Phong (6.46%)...