Seven ministries and eight provinces report investment disbursement rate of over 25%

	Disbursement rate of public investment capital in four months reaches nearly 18.5%
	Low disbursement rate reduces efficiency of public investment capital
	Almost 37 localities report ODA disbursement rate of 0%

Of which, the allocated domestic capital was VND94,592.89 billion, reaching 19.57% of the plan assigned by the Prime Minister, and the allocated foreign capital was VND1,131.61 billion, reaching 3.25% of the plan.

Specifically, seven ministries and eight provinces and cities saw a disbursement rate of over 25%. Some ministries, agencies and provinces reported high disbursement rates, such as Bank for Social Policies (91.12%), Development Bank (59.64%), Binh Thuan (33.9%), Phu Tho (33.4%).

Almost 43 of 51 ministries and 28 of 63 provinces had a disbursement rate below 17%, of which 17 ministries and central agencies have not yet implemented capital disbursement.

According to the Ministry of Planning and Investment, the slow disbursement is mainly due to shortcomings in the disbursement of the ministries, government agencies and local agencies; lack of determination and responsibilities of the head, and the incomplete dissemination of policies on compensation and site clearance assistance.

The slow disbursement of each ministry and agency to projects has affected the overall disbursement rate of the whole country.

Therefore, it is required that all levels and agencies be responsible for the effective management and use of public investment capital. The allocation and planning of public investment disbursement greatly affect the performance of socio-economic development goals and tasks, so this task must be quickly and effectively implemented and must comply with the law.

Photo: Internet

Based on the above situation, the Ministry of Planning and Investment proposed the Government a number of solutions to speed up disbursement in the near future. Accordingly, for the remaining unallocated central budget capital of 12 ministries, central agencies and six provinces, the Government is proposed to assign the Ministry of Planning and Investment to request the above ministries and agencies to develop a specific roadmap, review and immediately transfer to transitional projects that are eligible for capital allocation; urgently complete investment procedures to deliver the plan in 2022.

If the above ministries and agencies fail to transfer capital, they are asked to make a proposal to the Ministry of Planning and Investment for transfer to other ministries, central agencies and local agencies that are in need.

The Ministry of Planning and Investment shall summarize and report to competent authorities for consideration and decision on capital withdrawal and transfer to other ministries, central agencies and local agencies that are in need before June 30 of the plan year.

As for the local budget capital, according to the provisions of the 2015 State Budget Law, it is not possible to transfer this local budget capital to other localities, the Ministry of Planning and Investment shall propose the Government assign the Government Office to make a draft Official Letter of the Prime Minister which requires these localities to urgently allocate local budget capital in 2022 for key and effective programs and projects, contributing to promoting fast and sustainable socio-economic development of provinces and cities. Chairmen of People's Committees of provinces and cities are responsible to the Prime Minister for the delay in capital allocation.

At the same time, it is required that the heads of ministries, central and local agencies must identify the disbursement of public investment capital as a key political task in 2022, and proactively remove difficulties and obstacles related to land, natural resources.

In addition, working groups will be established to inspect and urge key projects in 2022 to promptly remove difficulties and accelerate public investment disbursement.

Disbursement of public investment capital: Not really drastic

Moreover, the reform of administrative procedures and application of information technology in the handling of investment procedures such as state budget spending control, project appraisal documents, and application for capital withdrawal from foreign donors should be enhanced.