Gov’t resolves to speed up public investment capital disbursement

11:13 04/05/2022

Prime Minister Pham Minh Chinh on May 2 signed a decision to establish six working groups to accelerate the disbursement of public investment capital at ministries, centrally-run agencies and localities.

Capital disbursement for infrastructure construction is at a snail's pace. (Illustrative image)

Capital disbursement for infrastructure construction is at a snail's pace. (Illustrative image)

Four of the working groups are headed by four Deputy Prime Ministers of Pham Binh Minh, Vu Duc Dam, Le Minh Khai and Le Van Thanh, while the two remaining groups are led by Minister of Planning and Investment Nguyen Chi Dung, and Minister of Finance Ho Duc Phoc.

These working groups are tasked with reviewing difficulties and obstacles, analyzing causes and proposing solutions to promote disbursement of public investment capital and improve capital use efficiency, especially for projects using ODA capital and concessional loans from foreign donors.

They are required to consider the responsibility of leaders in directing and removing bottlenecks, report to the Prime Minister and put forward solutions.

By the end of the first quarter of this year, four centrally-run agencies and five localities had allocated 100% of the public investment capital plan, with a disbursement rate reaching more than 25%. However, 13 ministries, centrally run agencies and 21 localities had not fully allocated, and 29 ministries and centrally run agencies had yet to disburse capital.

VOV