Disbursed public investment in 2021 hits 77.3 percent: MoF

Binh Khanh Bridge pning the Soai Rap River in Ho Chi Minh City under construction (Photo: VNA)

The public investment disbursed in 2021 has reached 77.3 percent of the target set by the Prime Minister, lower than the rate of 82.66 percent recorded last year, according to the Ministry of Finance (MoF).

Of the sum, the disbursed domestic capital is equivalent to 83.66 percent of the target for this type of funding while foreign capital 26.77 percent.

By the end of December, seven ministries and 20 localities have posted a disbursement rate of over 80 percent, including the provinces of Ba Ria - Vung Tau (95.7 percent), Hai Duong (91.6 percent), and Long An (91.4 percent).

Noting several causes of the modest disbursement, the MoF pointed to the slow assignment of public investment plans for new projects, problems in site clearance, the complex COVID-19 situation, the surge in prices of construction materials, the lack of drastic moves by some ministries and localities, as well as the low-quality preparations and limited capacity of some project managers, supervisors, and contractors.

Given this, the ministry continued requesting ministries, central agencies, and localities push ahead with implementing the directions issued by the Government, the PM, and the Cabinet’s inspection delegations so as to disburse as much public investment capital as possible as ordered by the PM./.