Despite the numerous measures to expedite the disbursement of public investment capital, the rate of disbursement in Quang Binh province remains low at 31%, falling short of the national average of 34.7%.
Quang Binh province has a lower rate of public investment disbursement compared to the national average.
On August 22nd, Mr. Doan Ngoc Lam, Vice Chairman of the Provincial People’s Committee of Quang Binh, signed Document No. 1560/UBND-TH to urge the acceleration of the implementation and disbursement of public investment capital for this year. The document also strongly criticized units with a 0% disbursement rate of the allocated capital and warned those with a disbursement rate below 30% (below the provincial average).
The units with a 0% disbursement rate include the Department of Natural Resources and Environment, the Provincial Party Committee Office, the Provincial Women’s Union, the Ethnic Minority Committee, the Fatherland Front Committee, the Business Bloc Party Committee, the Provincial Farmers’ Union, the Department of Construction, the Department of Home Affairs, the Quang Trach District Health Center, Bac Son Secondary and High School, and Le Truc High School.
The investors with projects having a 0% disbursement rate include the Center for Rural Water Supply and Sanitation, the Provincial Military Command, the People’s Committee of Dong Hoi city, the Center for Technical Measurement and Testing, Vo Nguyen Giáp High School for the Gifted, the People’s Committees of Quang Trach, Quang Ninh, and Le Thuy districts, the Department of Industry and Trade, and the Management Board of Economic Zones.
Up to now, the People’s Committee of Quang Binh province has allocated VND 150 billion for projects, including over VND 10 billion carried over from the previous year to 2024. According to the provincial People’s Committee, if, by December 31, 2024, the projects do not disburse all the allocated capital, the budget will be canceled, leading to capital shortages. In that case, the investors will be held fully responsible to the Provincial Party Committee and the People’s Committee and will have to arrange capital sources to complete the projects as planned.
Le Truc High School has a 0% disbursement rate of public investment capital.
The document requires investors with projects having a 0% disbursement rate to immediately rectify the situation and accelerate the implementation and disbursement of public investment capital. It is necessary to urgently carry out acceptance, payment, and initial disbursement for projects with a 0% disbursement rate before August 30, 2024. After this deadline, if the investors fail to disburse the capital, the provincial People’s Committee will adjust the capital plan to allocate it to other projects with higher demand.
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