Disbursement progress in September 1.5 higher than average rate in the first eight months of 2022

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The disbursement progress in September shows positive results. Photo: Internet.

Notably, the disbursement progress in September is 1.5 higher than the average rate per month in the first eight months of 2022

VND10,552 billion of preferential lending programs was disbursed via the Bank for Social Policies. As of September, about VND3,545 billion to support over VND5 million employees was disbursed, exceeding the initial target of VND4 million.

The 2% interest rate support for VND 9,800 billion outstanding credits helped reduce VND13.5 billion of interest, VAT and green tax reduced VND39,422 billion and the deferred tax and land rent amount was VND7.45 billion. In addition, the Prime Minister assigned VND147,138 billion of the program to 94 tasks and projects of ministries and central and local agencies.

Regarding the allocation of the state budget investment plan in 2022, the total state budget investment plan in 2022 is VND542,105.895 billion. As of September 30, ministries and central and local agencies allocated and assigned detailed plans of VND510,368.625 billion, meeting 94.1% of the plan assigned by the Prime Minister.

Ministries, central agencies and localities have allocated an additional VND2,370.381 billion. The remaining unallocated state budget capital is VND31,737.271 billion, which is mainly the balance of local budgets of 6 of 63 localities that have not yet been allocated.

For the remaining unallocated central budget capital in 2022, the Prime Minister issued Decision 1126/QD-TTg dated September 25, 2022, on adjusting and supplementing the estimate of development investment spending in 2022 for ministries, central and local agencies with the total remaining capital of VND3,350.151 billion.

The disbursement progress in September showed the efficiency of six working groups. As a result, the disbursement progress in September alone reached VND40,920.84 billion, 1.5 times higher than the average monthly disbursement in the first eight months of the year.

Minister of Planning and Investment Nguyen Chi Dung said the disbursement amount was VND80 trillion higher than in 2021. Therefore, it is required that ministries, central and local agencies should focus on following Resolution 124/NQ-CP, and consider the disbursement of public investment as a critical task in the last months of 2022; prepare all conditions to implement projects from the beginning of 2023.