Four-month public capital disbursement reaches 14.66 per cent of year's target

May 08, 2023 | 14:00

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More than 110.6 trillion VND (4.7 billion USD) of public investment was disbursed in the first four months of this year, equivalent to 14.6 per cent of the yearly target and lower than the 18.48 per cent in the same period last year, according to the Ministry of Finance.

Four-month public capital disbursement reaches 14.66 per cent of year's target

Illutrative image. (Photo: VNA)

Hanoi – More than 110.6 trillion VND (4.7 billion USD) of public investment was disbursed in the first four months of this year, equivalent to 14.6 per cent of the yearly target and lower than the 18.48 per cent in the same period last year, according to the Ministry of Finance.

Only three ministries and 19 localities recorded a disbursement rate of over 20 per cent; while 47 ministries and centrally-run agencies, and 27 localities had disbursement rates of less than 15 per cent, it said.

To speed up the work, the ministry suggested the Prime Minister assign the Ministry of Planning and Investment (MPI) to issue specific guidance on conditions for allocating capital regarding medium-term and annual public investment.

Ministries, central agencies and localities were requested to submit reports on the progress of disbursement.

The MPI was asked to soon complete the dossier and report to the Government on the extension of implementation and payment of public investment capital from the 2022 State Budget to the following year for ministries, central agencies and localities.

$27.76 billion of public investment capital allocated in first month of year

Accelerating the disbursement of public investment capital is one of the key political tasks in 2023.

MPI assigned to amplify disbursement of public funds

The prime minister is again urging for quicker disbursement of public investment, with some localities seemingly at a standstill in implementing this task.

Deputy PM asks for closer coordination to speed up public investment disbursement

Deputy Prime Minister Tran Hong Ha has asked ministries and central agencies to work closely with localities to remove obstacles for particular projects, thus speeding up public investment disbursement.

By VNA

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