Public Investment Disbursement in January reached nearly 17,000 billion VND

The Ministry of Finance proposes that central and local agencies and institutions proactively develop implementation plans and disbursement schedules for each project, striving to achieve over 95% of the assigned plan by 2024.

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Public capital disbursement reached approximately VND 17,000 billion in January, equal to 2.5% of the plan. (Image: Vietnam+)

On February 1, information from the Ministry of Finance revealed that the country has disbursed public investment capital of approximately VND 17,000 billion in January, equal to 2.5% of the plan (equivalent to nearly 2.6% of the plan assigned by the Prime Minister). Compared to the same period in 2022, the disbursed capital reached 1.7% of the plan and 1.8% of the plan assigned by the Prime Minister.

Specifically, the Prime Minister has assigned a plan for central ministries, agencies, and localities of VND 657,349 billion, including VND 225,000 billion from the central budget and VND 432,349 billion from the local budget. In addition, localities have increased their allocations compared to the plan assigned by the Prime Minister (according to updated data as of the reporting date, it reached VND 13,076 billion).

Based on the progress above, the Ministry of Finance has proposed the Ministry of Planning and Investment urgently report to the competent authority on the handling plan for the central budget investment plan for 2024 of the central ministries, agencies, and localities, taking into account before December 31, 2023, there is no detailed allocation for tasks and projects.

The Ministry of Finance also requested central ministries, agencies, and localities to actively develop implementation plans, disbursement schedules for each project, timely direct the handling of difficulties and obstacles arising, expedite the implementation progress of projects, and strive to disburse over 95% of the assigned plan (according to the directives of the Government on the tasks and key solutions to implement the Socio-economic Development Plan and the State budget estimate for 2024).

In addition, the units directing the investors urgently coordinate with the State Treasury at the place of transaction to carry out procedures for extending the permitted capital source of the Program for Economic Recovery and Development.

According to the representative of the Ministry of Finance, sectors and localities need to promptly implement Official Letter No. 405/BTC-DT dated January 11, 2024, of the Ministry of Finance on urging the allocation, budget registration, and capital disbursement plan for public investment capital from the state budget in 2024. Based on that, central ministries, agencies, and localities in coordination with the Ministry of Planning and Investment and the Ministry of Finance should report the specific handling plan for the central budget investment plan for 2024 considering before December 31, 2023, there is no detailed allocation for tasks and projects.

Hanh Nguyen

SOURCEvietstock
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