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Tuesday, June 25, 2024

Public investment disbursement far lower than expected

The Saigon Times

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HCMC – Over VND249 trillion of public investment, or 38% of the annual plan, had been disbursed as of September 9 this year, according to a report from the Ministry of Finance.

Until the end of October this year, over VND297 trillion of public investment can be disbursed, representing only 46.44% of the full-year target and 55% of the target set by the Prime Minister.

This lower-than-expected disbursement rate is slightly lower than the figure of 48% in the same period last year.

The Ministry of Finance stated that 11 ministries and 25 localities achieved disbursement rates of over 55%.

Some units with high disbursement rates comprise the Government Inspectorate (100%), the Vietnam Cooperative Alliance (100%), the General Confederation of Labour (99.4%), Binh Dinh Province (79.6%), Tien Giang Province (76.4%) and Dong Thap Province (75.2%).

The disbursement rates of some 19 ministries and three localities were lower than 30%, including the Ministry of Education and Training (24.35%), Ministry of Health (20.73%), Ha Giang Province (26%), Phu Yen Province (29%), etc.

Representatives of ministries, agencies and localities will accelerate the disbursement of public investment capital in the last months of 2022.

The Ministry of Finance requested summarizing the proposals of relevant units on the adjustment of the budget investment plan in 2022, drawing up suitable solutions and enforcing discipline in implementing the public investment disbursement.

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