According to the Ministry of Planning and Investment, the list of ministries, sectors, and localities that have not yet allocated 100% of the planned state budget capital investment plan, as well as the detailed disbursement rates of ministries, sectors, and localities up to the end of March 2024, have been published on the Ministry’s electronic information portal.
The Ministry of Agriculture and Rural Development, the Ministry of Health, the Ministry of Culture, Sports and Tourism, and provinces and cities such as Ho Chi Minh City, Dong Nai, Can Tho, Soc Trang, Cao Bang, Lao Cai, Yen Bai, Thai Nguyen, Quang Nam… are all on this list.
According to data compiled by the Ministry of Planning and Investment, as of the end of March 2024, about VND 32,000 billion out of a total of nearly VND 657,349 billion in capital planned for 2024 has not yet been allocated in detail; of which the central budget capital is VND 9,500 billion from 21/44 ministries, agencies and 24/63 localities, the local budget balance is VND 22,500 billion from 25/63 localities.
The reason why ministries, sectors, and localities have not yet allocated 100% of the planned state budget capital investment plan from the central budget in 2024 is mainly due to new projects that have not yet completed investment procedures according to regulations to be eligible to allocate annual capital plans.
In addition, there are some other reasons such as: projects in transition that need to report to the Prime Minister for permission to extend the capital allocation period according to the regulation in Article 52 of the Law on Public Investment and projects belonging to 3 National Target Programs facing difficulties in the implementation process.
In addition, capital for projects being synthesized, submitted to the competent authority for approval to adjust the medium-term public investment plan for the period 2021-2025 or capital for projects being reviewed and adjusted investment content according to regulations and projects under the Economic Recovery and Social Development Program do not have a need for capital allocation in 2024 due to having been allocated capital from the 2023 plan that was extended to 2024 according to Resolution No. 110/2023/QH15 of the National Assembly…
Besides, the reason for the non-allocation of foreign capital is due to incomplete investment procedures according to regulations, the submission to the competent authority for permission to extend the project agreement, or difficulties in the evaluation of equipment prices and project bidding mechanisms…
The leader of the Ministry of Planning and Investment said that the Ministry is cooperating with the Ministry of Finance to report to the Prime Minister and the Government to submit to the competent authority to cut the central budget capital investment plan in 2024 with unallocated units.
However, Minister of Planning and Investment Nguyen Chi Dung also said that the difficulty is partly due to many expressway and key transport projects, especially in the Mekong Delta region and the Southern region, facing a shortage of sand for landfilling, affecting the progress of project construction.
The granting of permits for new sand mines is still slow and faces many difficulties. This, together with other inherent difficulties such as slow site clearance, untimely investment procedures, limited contractor capacity, etc., will affect the disbursement speed of public investment capital this year.
According to Minister Nguyen Chi Dung, ministries, sectors and localities must step up the allocation and disbursement of public investment capital, identifying this as a key political task to promote economic growth.
“We must promptly handle difficulties and obstacles in the supply of sand and stone… to speed up the progress of key national projects, airports, seaports, expressways, inter-regional and inter-provincial projects, and energy infrastructure,” Minister Nguyen Chi Dung emphasized.
In the first quarter of this year, public investment disbursement continued to follow a positive trend, estimated at VND 89,874,751 billion, equivalent to 13.67% of the plan assigned by the Prime Minister, higher than the same period in 2023 in both relative (last year was 10.35%) and absolute (higher by VND 16,500 billion) terms.
However, in terms of disbursement rate, while 4 central ministries and agencies and 23 localities have achieved high disbursement rates (over 20% of the plan assigned by the Prime Minister), there are still 38 central ministries and agencies and 26 localities with public investment capital disbursement rates below the national average.
In fact, there are 15 central ministries and agencies with a disbursement rate of 0%, although a quarter of the year 2024 has passed./.
Thuy Hien
