Nghe An: Many districts have public investment disbursement rates of over 70%.

Construction of the town road - Duc Thanh, Yen Thanh district. Photo: Viet Phuong

The 2017 public investment plan is nearly 426 billion VND, the disbursement volume in 9 months is estimated at 323 billion VND, reaching 76.23%.

There are 3 sources of disbursement that have achieved good results: the Government's target program (estimated 9-month disbursement of 77.48%), land use revenue (estimated 9-month disbursement of 86%) and local budget balance source according to scoring criteria (estimated 9-month disbursement of 69.38%).

According to projects directly managed by districts, cities and towns, there are 8 districts with very good disbursement, reaching over 70%: Thai Hoa town 88.67%; Nghia Dan district 82.53%, Yen Thanh district 80.86%, Thanh Chuong district 79.46%, Anh Son district 78.42%, Nghi Loc district 77%, Quynh Luu district 75.63%, Dien Chau district 73.06%.

Graphics: Viet Phuong

There is 01 district reaching over 60%, which is Cua Lo town with 68.37%.

There are 07 districts reaching over 50%: Hung Nguyen district 57.64%, Tan Ky district 55.67%, Do Luong district 55.38%, Hoang Mai town 55%, Quy Hop district 53.42%, Ky Son district 52.45%, Tuong Duong district 52.09%.

Sectors that are investors have a good disbursement rate such as the Department of Labor, War Invalids and Social Affairs 87.6%, the Provincial Police 87.1%, the Department of Agriculture and Rural Development 84.74%, the Department of Culture - Sports 81.05%...

According to Mr. Nguyen Huu Mao - Deputy Director of the Department of Planning and Investment, to speed up the disbursement progress, it is recommended that all sectors and levels strictly implement the provisions of the Law on Public Investment on outstanding debts in basic construction. Projects that have been decided for investment must be implemented according to the assigned planned capital level to avoid causing outstanding debts in basic construction. Enterprises are not required to advance investment capital when they have not been allocated annual planned capital or advance investment capital higher than the assigned planned capital level, leading to the consequence of arising outstanding debts in basic construction.

"The sectors and districts are responsible for using district and commune budget capital and mobilizing other legal capital sources to pay off outstanding debts for basic construction, noting: For projects managed by the province, the responsibility for debt repayment must be matched by the district and commune according to the capital structure approved in the decision approving the initial investment policy. For projects managed by districts and communes: the responsibility for debt repayment is entirely the responsibility of the district and commune budget," Mr. Mao emphasized.