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Ho Chi Minh City
Thursday, June 13, 2024

Jan-Apr public investment disbursement at 15.65% of full-year target

The Saigon Times

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HCMC – The disbursement of public investment in the first four months has reached only 15.65% of the full-year plan assigned by the Government, according to the Ministry of Finance.

Seven ministries and central agencies, and 35 localities have exceeded the national average disbursement rate. They include Vietnam Television (73.48%), the Ministry of Construction (41.44%), the Ministry of Agriculture and Rural Development (28.28%), the Ministry of Transport (25.64%), and provinces like Long An (38.25%), Phu Tho (32.25%), Tien Giang (31.2%), and Lao Cai (30.56%).

Still, seven ministries and central agencies have yet to disburse any funds while 25 others have rates below 15%.

The Ministry of Finance pinpointed several obstacles, including delays in allocating central budget funds for 2024 to locally managed projects, policy constraints, and issues related to site clearance and problems with compensation and resettlement plans.

In response, the ministry urged relevant authorities to ramp up efforts in implementing effective measures outlined in government resolutions and Directive No. 24/CD-TTg, aiming to facilitate the allocation and spending of public investment funds.

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