Government urges localities to speed up disbursement of public investment capital
The Prime Minister’s fifth working group responsible for accelerating disbursement of public investment capital in 2021 led by Minister of Finance Ho Duc Phoc on Dec. 10 worked with the provinces of Quang Tri, Quang Binh, An Giang, Bac Lieu, Dong Thap, and Ca Mau.
The Prime Minister’s fifth working group responsible for accelerating disbursement of public investment capital in 2021 led by Minister of Finance Ho Duc Phoc on Dec. 10 worked with the provinces of Quang Tri, Quang Binh, An Giang, Bac Lieu, Dong Thap, and Ca Mau.
The Prime Minister has allocated more than 24,000 billion VND from the 2021’s State budget to the 6 localities, of which nearly 15,000 billion VND come from the local budget revenues, 6,000 billion from the central budget revenues, and the remainder from the official development assistance (ODA).
The total public investment capital allocated by the 6 localities for their local projects was more than 24,600 billion VND, or 102.5 percent of the planned figures assigned by the Prime Minister.
However, due to obstacles, the disbursement of public investment capital remained slow in the 6 provinces, reaching only 48.9 percent of the target assigned by the Prime Minister.
At the working session, delegates discussed measures to overcome obstacles to disbursement of public investment in 2021 in the localities.
They are also tried to identify the causes of the limitations in the implementation of public investment projects as well as put forward solutions to speed up the disbursement and improve the efficiency of the capital release.
Leaders of the 6 provinces all showed their determination to disburse nearly 19,000 billion VND by January 31, 2022, reaching 78.7 percent of the planned disbursement of public investment capital for 2021.
Minister of Finance Ho Duc Phoc, for his part, urged the localities to seriously implement the Government's Resolution 63/2021/NQ-CP on promoting economic growth and disbursing public investment capital.
As of November 30, the disbursement rate of public investment countrywide remained modest at 295 trillion VND, reaching 63.86 percent of the set plan. Of which, domestic capital made up 39.19 percent and foreign capital reached 21.51 percent. Both of them were lowered than the rate recorded in the same period last year.
