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Tuesday, June 18, 2024

Challenges for public capital disbursement

By Cam Ha

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Disbursement of public investment capital in the first four months of this year was higher than in the same period last year, providing substantial capital to support economic growth and even sparking concerns about a shortage of capital later this year if the current pace of disbursement continues. Still, it would be challenging to achieve the disbursement target of 95% this year if the lack of sand for expressway roadbed construction and the obsolescence of construction norms are not timely addressed. Positive support for growth The Prime Minister has assigned the State-funded public investment plan for 2024 with a combined budget of VND657,349 billion to ministries, central agencies, and localities, including VND225,000 billion from the central State budget and VND432,349 billion from local budgets. On the opening day of the National Assembly’s seventh sitting on May 20, the Government reported that disbursement of public investment capital in the first four months reached 17.46% of the full-year plan, higher than the rate in the same period last year (15.65%, equivalent to VND110,633 billion). Thus, a significant amount of capital, around VND115,906 billion, was provided to support economic growth. Disbursement of public investment capital in January-April of 2024 is higher than in […]
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