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Monday, June 17, 2024

Jan-Oct public investment disbursements reach just half of 2023 plan

The Saigon Times

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HCMC – Public investment disbursements reached more than VND430.6 trillion in the first 10 months of the year, representing only 52% of the full-year plan, according to the Ministry of Finance.

This figure achieved merely 56.84% of the Government’s assigned target.

Notably, the disbursement for the economic and social recovery and development program totaled nearly VND72.5 trillion, or 58.7% of the plan.

Compared to the same period in the previous year, the progress of disbursement for public investment capital this year has improved. Public investment disbursements in the first 10 months last year reached 46.44% of the plan and achieved 51.34% of the plan assigned by the Prime Minister.

The slower-than-expected disbursement of public investment was attributed to various factors, including complex procedures and difficulties in land allocation and forest land conversion in some projects.

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