Mr. Duong Ba Duc – Head of Investment Department, Ministry of Finance – stated that public investment capital contributes to promoting economic growth and is also a support pillar to overcome difficulties and bottlenecks in development.
Immediately after the Prime Minister allocated capital, the Ministry of Finance urged units to allocate, estimate and disburse the plan for public investment capital from the state budget for 2024 of ministries, sectors, and localities. From there, it serves as a basis for the Ministry of Finance to approve the budget for projects in accordance with regulations.
“The payment of public investment capital in January 2024 reached VND 16,934 billion, achieving 2.46% of the plan, higher than the same period last year,” Mr. Duc said.
One of the reasons contributing to the acceleration of the disbursement of public investment capital in January 2024 is the breakthrough solution to overcome difficulties and obstacles of investment projects related to sandy land resources, replacement materials…
Nearly 17,000 billion dong of public investment capital “pumped into” the economy. (Illustrative photo: ST).
The source of public investment capital is poured into many key projects. The total public investment capital for 2024 allocated by the Ministry of Transport and localities for important national projects is nearly VND 128,000 billion. By the end of January 2024, these projects disbursed about VND 1,000 billion.
“Public investment projects, important national projects, with regional connectivity, have completed procedures, which provides the basis for confidence that in 2024 the disbursement of public investment capital can be good,” the Ministry of Finance informed.
In 2024, the total plan for public investment capital is over VND 688,400 billion. In order to expedite the disbursement progress, the Ministry of Finance recommends that ministries, central agencies, and localities proactively develop implementation plans and disbursement progress for each project, promptly directing the handling of emerging difficulties and obstacles, and accelerating the implementation progress of projects. From there, strive to disburse over 95% of the assigned plan according to the Government’s guidance.
In 2024, basically public investment projects, especially important national projects, large projects with regional connectivity, have basically completed procedures. This is a prerequisite for the high disbursement rate of public investment capital in 2024.
