The Deputy Prime Minister directed ministries, branches and localities to promote their full spirit and responsibility to boost public investment disbursement.

On the afternoon of September 21, under the chairmanship of comrade Tran Hong Ha - Member of the Party Central Committee, Deputy Prime Minister, the Government held an online conference on urging, removing difficulties and obstacles, and promoting disbursement of public investment capital in 2023.

Disbursement rate is not high

According to the report of the Ministry of Planning and Investment, the total state budget capital plan for 2023 assigned by the National Assembly and the Prime Minister to 29 ministries, branches, central and local agencies is 241,088,964 billion VND (130,238,996 billion VND of domestic central budget capital, 16,215,922 billion VND of foreign capital and 94,634,064 billion VND of local budget capital).

By the end of August 2023, the total disbursed capital of 29 central ministries and branches: VND 104,915,882 billion (VND 63,380,685 billion of domestic budget capital, VND 58,615,278 billion of foreign capital and VND 41,535,197 billion of local budget capital) reached 43.52% (higher than the national average of 39.41%).

However, this rate is not uniform among central agencies; mainly because some agencies using large capital have high disbursement results (Ministry of Transport, Hanoi city); meanwhile, the remaining agencies have very low disbursement rates. There are 10/29 agencies disbursing above the national average, in the remaining 19/29 agencies, there are 6 agencies disbursing very low (below 10%).

At the conference, opinions from ministries, branches and localities reflected difficulties and problems related to site clearance work. Due to the specific capital source of the program, the assignment of capital plans to projects must be compiled and reported to competent authorities for consideration and comments before submitting to the Government for decision on assigning capital plans to projects, so the progress is prolonged.

Comments reflect on difficulties in regulations on flexible coordination between capital sources from the socio-economic recovery program and capital sources in the medium-term public investment plan for the 2021-2025 period; difficulties in disbursement from sources for arranging and handling real estate; difficulties in material sources, some lengthy procedures, some specific difficulties, etc.

Promote full spirit and responsibility

Implementing the direction and administration of the Government and the Prime Minister on promoting the disbursement of public investment capital, 3 national target programs and the socio-economic recovery and development program, in the first 9 months of the year, Nghe An province has deployed many drastic solutions to speed up the disbursement of public investment capital.

Accordingly, the total public investment plan for Nghe An province in 2023 assigned by the Prime Minister is 9,033.5 billion VND. As of August 31, 2023, 4,145 billion VND has been disbursed, reaching 45.88% of the plan, higher than the national average (estimated at 42.35% of the plan assigned by the Prime Minister; 39.41% of the total plan).

As of September 10, 2023, disbursement reached 47.07% of the plan, of which: Some disbursement sources achieved quite good results such as the National Target Program on New Rural Construction (73.87%), local budget (54.02%). The key inter-regional coastal road project has good implementation progress and disbursement (reaching 67.49%),...

Concluding the conference, Deputy Prime Minister Tran Hong Ha emphasized that disbursement of public investment capital is an extremely important issue to ensure socio-economic stability and development; and is an indicator to assess leadership and management capacity.

Analyzing the causes of difficulties, obstacles, and challenges for slow disbursement of foreign capital projects, Deputy Prime Minister Tran Hong Ha requested ministries, branches, and localities to be determined and focus the efforts of the political system with many synchronous solutions to achieve the set target of disbursing public investment capital.

Regarding the problems caused by projects that have not completed investment procedures, according to the Deputy Prime Minister, ministries, branches and localities need to proactively speed up the progress of completing investment procedures; the agencies receiving opinions need to urgently consider, handle or respond on time.

Regarding the problems related to the National Target Program for Socio-Economic Development (flexible regulation, extension of disbursement time), in the immediate future, it is recommended that ministries and agencies promote maximum disbursement as committed in the process of building the list of uses of this capital source.

For agencies with very low disbursement rates, it is recommended to strengthen the urgent proposal of solutions (adjustment, reduction of capital plans), send them to the Ministry of Planning and Investment for synthesis, and report to the Government.

“Ministries, branches and localities need to thoroughly grasp the guiding spirit: Promote the sense of responsibility of the collective and individuals, consider this an extremely important political task, an urgent task, a responsibility to the country and the people to focus on disbursing public investment capital” - Deputy Prime Minister Tran Hong Ha emphasized.

The Deputy Prime Minister requested that after this meeting, local sectors need to review capital sources, with specific solutions and commitments to focus highly on disbursement for each capital source and project.