As of August 31st, the disbursement of the 2024 plan’s capital reached VND 274,501 billion, equivalent to 37% of the plan and 40.5% of the plan assigned by the Prime Minister. (Photo: Vietnam+/Viet Hung)
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On September 6th, the Ministry of Finance reported that the cumulative disbursement from the beginning of the year to August 31st reached nearly VND 290,580 billion, equivalent to over 36% of the total plan.
Of this, the disbursement of capital from previous years’ plans carried over to 2024 is estimated at VND 16,079 billion, reaching 29% of the plan.
Regarding the capital of the 2024 plan, the disbursement value reached VND 274,501 billion, equivalent to 37% of the plan and 40.5% of the plan assigned by the Prime Minister. In the same period last year, the disbursement rate reached 39.5% of the plan and 42.4% of the plan assigned by the Prime Minister.
To achieve the target of disbursing a minimum of 95% of the assigned plan according to Resolution No. 01/NQ-CP dated January 5, 2024, of the Government, the Ministry of Finance proposed that ministries, central agencies, and localities seriously and drastically implement the tasks and solutions to promote the disbursement of public investment capital as directed by the Prime Minister in Directive No. 26/CT-TTg dated August 8, 2024, on key tasks and solutions to promote the disbursement of public investment capital in the last months of 2024.
At the same time, the Ministry of Planning and Investment should soon report to the Prime Minister to adjust the plan for central budget investment capital in 2024 among ministries, central agencies, and localities after the Standing Committee of the National Assembly has a resolution on adjustment. The report should clearly state the agreement on handling the capital allocated in detail for projects after May 15, 2024, which are not subject to the reduction of the 2024 public investment plan of ministries, central agencies, and localities (according to Resolution No. 65/NQ-CP dated May 7, 2024, of the Government, which has been synthesized by the Ministry of Planning and Investment).
Regarding the content of assigning units that are not directly under the ministries to be investors, the Ministry of Finance pointed out that in Document No. 5976/BKHDT-TTr dated July 29, 2024, the Ministry of Planning and Investment reported to the Prime Minister that the assignment of Project Management Boards under the provinces to make investment proposals and the assignment of Departments and Project Management Boards of specialized branches (under the provinces) as investors are not in accordance with regulations. This will affect the approval of cost estimates for public investment projects currently being implemented.
Recently, the Ministry of Finance has had Document No. 8458/BTC-DT dated August 12, 2024, requesting the Ministry of Transport, the Ministry of Agriculture and Rural Development, and the Ministry of Labour, Invalids and Social Affairs to promptly propose handling measures and report to competent authorities for consideration and decision, ensuring compliance with regulations and the efficiency and progress of project implementation.
Hanh Nguyen
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