Nghe An ranked 3rd out of 29 units in terms of public investment disbursement rate.

Nghe An ranked 3rd out of 29 units in terms of disbursement rate.

On the morning of August 30th, the Government's Task Force No. 2 held an online meeting with 29 ministries, central and local agencies nationwide to review and resolve difficulties and obstacles, and promote the disbursement of public investment capital in 2024.

Comrade Tran Hong Ha - Deputy Prime Minister, Head of Government Task Force No. 2, chaired the meeting in person in Hanoi. The Nghe An provincial branch was chaired by Comrade Bui Thanh An – Member of the Provincial Party Standing Committee, Vice Chairman of the Provincial People's Committee.

The conference heard a report from the Ministry of Planning and Investment on the allocation and disbursement of public investment capital for 2024. Accordingly, in 2024, the total state budget investment plan assigned by the National Assembly and the Prime Minister to 29 ministries, central agencies and localities is VND 231,665.947 billion.

Of this total, domestic central government budget capital is VND 90,364.541 billion; foreign capital is VND 13,071.849 billion; and local government budget capital is VND 128,229.557 billion.

The total disbursement of funds from 29 ministries, central agencies, and localities up to the end of July 2024 was VND 87,072.786 billion, reaching 37.59%, higher than the national average (34.68%). However, the disbursement rate is uneven among ministries, central agencies, and localities.

Specifically, eight units achieved disbursement rates higher than the national average. These include: the Ministry of Transport, the Ministry of Construction, the Ministry of Information and Communications, and the provinces of Thanh Hoa, Nghe An, Binh Dinh, Ha Tinh, and Thua Thien Hue. Sixteen units achieved disbursement rates between 10% and 34%; notably, five units had disbursement rates below 10%.

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Specifically for Nghe An province, the total planned capital allocated by the Prime Minister is 9,076.67 billion VND, and the disbursement results for the first 7 months of the year are 4,583 billion VND, reaching 50.5% of the plan, higher than the same period in 2023 (40.2%) and higher than the national average of 34.68%; ranking 3rd out of 29 ministries, central agencies and localities in group 2 and 2nd out of 13 localities.

Some funding sources achieved high disbursement rates, such as: the National Target Program for New Rural Development at 67.13%; foreign capital at 73.74%; and local budget capital at 50.15%. The key Vinh - Cua Lo Boulevard project completed phase 2 and opened to traffic on August 29, 2024.

At the conference, localities raised difficulties and obstacles affecting the progress of investment projects at central and local ministries and agencies, and proposed solutions to the Government and central ministries and agencies.

The most pressing issues are obstacles in land clearance and resettlement; difficulties in ensuring the supply of construction materials; and the inability to balance local budgets to implement projects due to difficulties in revenue from land use rights in localities…

Review and address difficulties and obstacles.

Based on feedback and proposals from localities and central ministries and agencies, and concluding the conference, Deputy Prime Minister Tran Hong Ha requested that central ministries, agencies, and localities focus on reviewing each type of project, clearly classifying the causes, responsibilities, and commitments for projects that have been allocated central and local budget funds, and report to the Ministry of Planning and Investment before September 15, 2024. Based on this, they should report to the Government to resolve issues within their authority; in particular, the central ministries, agencies, and localities must first focus on resolving obstacles and difficulties within their internal authority and responsibility in the spirit of self-reliance and self-sufficiency.

At the same time, through review, localities will implement the reallocation of funds within districts and between sectors in a rational manner, accelerating the disbursement of public investment in 2024.

Deputy Prime Minister Tran Hong Ha also outlined several directives regarding the reallocation of funds between localities, the return of funds to the central government, or requests for additional allocation from the central government. He emphasized the need to clarify the conditions for such additional allocations. He stressed that the allocation of additional funds to localities facing difficulties in revenue from land use rights fees should prioritize important inter-regional projects and climate change projects, ensuring that these projects are prioritized to accelerate progress and completion.

Regarding difficulties with construction materials, careful consideration must be given to sourcing materials when approving projects; if the preparation and decision-making process for investment policies is not entirely certain, funds should be returned to the central government…