Nghe An: Public investment disbursement rate reaches over 73%

Chau Lan - Lam Tung December 7, 2018 08:05

(Baonghean.vn) - Nghe An province was assigned a public investment plan for 2018 of 5,450 billion VND, with the volume of implementation in the first 10 months of the year being 4,340 billion VND, reaching nearly 80%; disbursement of 3,996 billion VND, reaching more than 73%.

This disbursement level according to the Department of Planning and Investment is higher than the national average (56.24%) and higher than the same period; Estimated 11 months disbursement is 4,473 billion VND, reaching 82.07%.

The 2017 public investment plan is 437 billion VND, the volume of implementation in the first 10 months of the year reached 385 billion VND, reaching 88.1%, disbursement 344 billion VND, reaching 78.86%; It is estimated that the whole year will disburse over 95% of the assigned plan.

There are 3 good sources of disbursement: land use revenue (86.19%), local budget balance source according to scoring criteria (81.12%) and government target programs (78.84%).

If calculated by projects directly managed by districts, cities and towns, there are 4 districts with disbursement reaching over 90%: Hung Nguyen district (99.5%), Nghia Dan (98.77%), Anh Son (95.16%), Dien Chau (nearly 92%).
There are 7 districts with disbursement rates of 80 - 90%, namely Do Luong (88.2%), Yen Thanh (87.4%), Quynh Luu (86.13%), Thai Hoa (84.73%), Nghi Loc (83.95%), Thanh Chuong (82.97%), Cua Lo (81.75%).

Projects directly managed by districts and cities

Graphics: Lam Tung

Regarding foreign capital: The 2018 plan assigned 671 billion VND to 9 projects. As of October 31, 2018, only 323 billion VND was disbursed, reaching 49.16% of the assigned plan.

The reason for the slow disbursement is that in 2018, foreign capital had 3 new projects started, accounting for 35.5% of the total capital plan, but in the first months of the year, the procedures related to contractor selection were in the process of implementation, so the disbursement has not been made yet. In addition, 7/9 projects have procedures related to bidding, disbursement... all of which must be carried out through the competent ministries and branches for approval, taking a lot of time, so the disbursement progress is slow.

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Nghe An: Public investment disbursement rate reaches over 73%
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