Disbursement of public funds in 2023 meets 93.12 per cent of target

February 02, 2024 | 12:26

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More than 662.59 trillion VND (27.14 billion USD) of public capital allocated for 2023 was disbursed as of January 31, fulfilling 93.12 per cent of the Prime Minister’s assigned plan, according to the Ministry of Finance.

Disbursement of public funds in 2023 meets 93.12 per cent of target, Illustrative image (Photo: baodautu.vn)

Hanoi – More than 662.59 trillion VND (27.14 billion USD) of public capital allocated for 2023 was disbursed as of January 31, fulfilling 93.12 per cent of the Prime Minister’s assigned plan, according to the Ministry of Finance.

The ministry said on February 1 that some 88.28 trillion VND was disbursed for the socio-economic recovery and development programme, or 66.4 per cent of the plan.

Sectors, ministries and associations completed 100 per cent of the disbursement targets included the State Bank of Vietnam, the Joint Stock Commercial Bank for Investment and Development of Vietnam, the Vietnam Television, Vietnam National Tobacco Corporation, the Vietnam Journalists Association and Ha Nam province.

High rate of disbursement was recorded in Dong Thap province (99.8 per cent), Quang Ngai (99.79 per cent), Long An (99.19 per cent), Ba Ria – Vung Tau (98.08 per cent), and Vinh Phuc (96.88 per cent).

In January, over 16.9 trillion VND in public capital was disbursed, accounting for 2.58 per cent of the Government’s plan.

With a view to speeding up public investment disbursement, the Ministry of Finance proposed ministries, sectors and localities quickly make capital allocation plans for their projects, and work to remove bottlenecks in a timely fashion, striving to disburse at least 95 per cent of the public investment budgets.

Minister pledges public investment disbursement push

The Ministry of Planning and Investment (MPI) is determined to expedite the disbursement of public investment funds this year, while eliminating inefficiencies in investment allocation, with the goal of exceeding the 65.1 per cent disbursement rate of 2023.

By VNA

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