The National Assembly has approved the extension of the implementation and disbursement period for capital investments from the state budget allocated to projects under the economic and social recovery and development program until December 31, 2024. This means that there are only five months left for ministries, central agencies, and local authorities to disburse the entire capital of the program. The disbursement rate has reached over 78%.
The Minister of Planning and Investment has requested the heads of agencies and local authorities to focus on directing and resolving difficulties and obstacles for the projects. At the same time, the units must report and clarify the allocation and disbursement situation until the end of the year.
“The ministries, central agencies, and local authorities are fully responsible to the Government and the Prime Minister in case of delays or failure to disburse the entire capital under the program,” the Minister of Planning and Investment emphasized.
The Ministry of Planning and Investment has just issued an urgent dispatch on promoting the disbursement of projects under the recovery program.
Regarding public investment disbursement, the Ministry of Planning and Investment informed that by the end of July, the disbursement rate reached nearly 35% of the plan, a decrease compared to the same period last year (37.8% of the plan). There are still 33 ministries, central agencies, and 25 localities with disbursement rates lower than the national average.
The sectors and localities with large planned capital for 2024 but low disbursement rates include the Ministry of Public Security, the Ministry of Finance, the Ministry of Health, Ho Chi Minh City, Hung Yen, Bac Ninh, Hai Duong, and Quang Ngai. 15 ministries, central agencies, and 33 localities have lower disbursement rates than their own performance in the same period in 2023.
Many units have also failed to maintain good disbursement results as in the previous year. Some localities were assigned higher plans for 2024 than in 2023, but their disbursement values were significantly lower, such as Ho Chi Minh City (VND 4,604 billion lower), Quang Ngai (VND 1,510 billion lower), Hai Phong (VND 1,476 billion lower), Bac Giang (VND 1,097 billion lower), and Dong Nai (VND 839 billion lower).
Some projects with large allocated capital for 2024 but low disbursement rates include the Ring Road 3 in Ho Chi Minh City, Ring Road 4 in the Hanoi Capital Region, Bien Hoa – Vung Tau Expressway, Khanh Hoa – Buon Ma Thuot Expressway, and Dong Dang – Tra Linh Expressway.
The disbursement rate for projects using ODA and preferential loans from foreign donors reached only 12%.
