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Wednesday, June 19, 2024

Six working groups formed to accelerate public investment disbursements

The Saigon Times

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HCMC – Prime Minister Pham Minh Chinh has set up six working groups to help boost public investment disbursements at ministries, agencies and provinces this year.

Ministries, agencies and local governments which have yet to complete allocating public investments for 2022 and have reported a public investment disbursement rate below the country’s average of 18.48% as of April 30 will be inspected by these working groups, the local media reported.

The working groups will be led by Deputy Prime Ministers Pham Binh Minh, Le Minh Khai, Vu Duc Dam and Le Van Thanh, and the ministers of Planning and Investment, and Finance.

Members of these groups are leaders of the Ministries of Planning and Investment, Finance, Justice, Construction, Transport, Agriculture and Rural Development, and Natural Resources and Environment, the Government Inspectorate and other agencies.

The working groups are responsible for reviewing difficulties during the execution of public investment projects, especially those using official development assistance and preferential loans, analyzing the causes of these difficulties and proposing solutions to speed up disbursements and improve the effectiveness of the use of capital.

They will also require compliance with the law on public investment and relevant regulations to remove obstacles and assess compliance with the regulations on the formulation and implementation of the public investment allocation plan this year.

The six groups will also assess the deployment of solutions to boost public investment disbursements as required by the prime minister and the responsibility of ministries, agencies and local governments for disbursing public investments.

The working groups will later report the results of the inspections and propose solutions to enhance the disbursement of public investments to the prime minister within five working days from the date of their inspections being concluded.

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