Disbursement of investment budget reached nearly 43% of the plan

VCN- At a talk on disbursement of construction investment capital in 2016 by the State Treasury held on 12-9-2016, Nguyen Vietnam Hong - Deputy General Director of the State Treasury said: the disbursement of public investmentin the first 8 months of 2016 has made significant progress and reachedset targets. 
disbursement of investment budget reached nearly 43 of the plan
View of the talk. Photo: Tl.

Reporting on the implementation of the disbursement of investment capital from the State budget, Mr. Vu Duc Hiep, Director of Expenditure Control Department, State Treasury revealed: by the end of August 31,2016, the total constructioninvestment capital (CC) disbursed via the State treasury was 139, 868 billion VND, reached 42.9% of the plan allocation of state funds in 2016.

Given ODA alone, total capital controlled and confirmed by the State Treasury to be eligible fordisbursement in the first 8 months of 2016 was 18,019.2 billionvnd, gaining 37.6% of the capital plansassigned by the Government. So far, the ODA in some locals areas which have been controlled and confirmed by the State Treasury was at a high rate. For example, Hanoi 1,517 billion VND, reaching 94.6% of the plan; Phu Tho 264.5 billion VND, 84.5% of the plan; Kien Giang 136 billion VND, 74.5% of the plan; Danang 377.2 billion VND, accounting for 58.9% of the plan, etc.

Given the disbursed data by a number of ministries, branches and localities, by the end of August, 2016 the disbursement rate of some parties reached 60% and more of infrastructure capital plan in 2016 such as : Vietnam Farmers' Association 60.8%; Vietnam Football Federation 64.8%; Ministry of Interior64.9%; the People's Supereme Procuracy 66.6%; Ethnic Committee 68,3%; Vietnam Veterans 89.7%.

Evaluating the control and payment of investment capital, Vu Duc Hiep said, according to statistical reports on 31-8-2016, the disbursement rate only reached 42.9% of the new investment plan. However, the disbursement rate has gained many positive changes since the implementation of Resolution No. 60 / NQ-CP of the Government. In details, from the beginning of July, disbursed investment capital increased by 48447.1 billion VND ( including the disbursement of investment capital in July of 24,147 billion VND, in August was 24,330 billion VND). However, by 31-8-2016 disbursement of the country was not ata high rate.

To accelerate the disbursement of capital construction investment in the remaining months of 2016, contributing to the completion of construction investment capital plans allocated in 2016 under the direction of the Government, Vu Duc Hiep also emphasized, from now until the end of the year, the State Treasury will direct investors urgently to solve all the projects which are still stuck in site clearance in order to hand over for construction contractors as soon as possible.

Treasury also suggested investors complystrictly with all regulations on management of State investment funds and State government bonds which have been assigned by the National Assembly in the budget draft of 2016. At the same time, it is necessary to urge and supervise contractors to accelerate construction progress, take over all the volume of projects and works, and coordinate with contractors and consultants to complete documents as a basis for control and payment in the State Treasury.

According to Mr. Nguyen Hong, the State Treasury has implemented positive solutions complying strictly to Resolution 60 / NQ-CP of the Government. Thanks to the efforts of investors and project management, the speed of disbursement has madeconsiderable strides. "However, the goal set by the government in 2016was to reach 100% of the disbursement plan of investment capital. Thus, in the remaining four months of 2016, the State Treasury hasto resolve the workload as much as in the first 6-8 months. Treasury will continue to stick to the plan and in close coordination with investors, and project management boardsto overcome difficulties, and create the most favorable environment with the spirit of fierce determination, in order to complete the task assigned by the government ".

At the seminar, representatives of project management and investors raised a number of difficulties in the process of implementing capital payments such as: compiling estimated dossiers; reporting on revenue and expenditure data, operatingthe TABMIS system, locating funds, etc. Leaders of the Ministry of Finance and the State Treasury have noted and resolved the problems promptly.

According to the statistics by a number of ministries, branches and localities, by the end of August 2016, the construction capital disbursement rate of some ministries, branches and offices accounted for60% and moreof the infrastructure capital plan in 2016. For example: Vietnam Farmers' Association 60.8%; Vietnam Football Federation 64.8%; Ministry of Interior 64.9%; the Supreme People's Procuracy 66,6%; Ethnic Committee 68.3%; and Vietnam Veterans 89.7%.
By Thuy Linh/ Thu Phuong

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