Disbursement rate are accurate, but different in calculation

	Continue to consult about the draft amended Law on Public Debt Management
	The Ministry of Finance explained the calculation of disbursement rate of the SBV
	Collect direct comments to prepare guidelines of the Law on management and use of public assets

Illustrative photo.

At the monthly Government’s press conference on August 3rd, 2017, responding to the press’s questions about the difference in disbursement rate of state investment capital between the Ministry of Finance and the State Bank, the Deputy Minister of Planning and Investment Dang Huy Dong explained that according to data from the Ministry of Finance, the disbursement of public investment capital in the first 7 months of 2017 was estimated at 119,367.8 billion VND. If this rate is calculated by the total capital of more than 357,157 billion VND allocated by the National Assembly, the rate shall be 33.4%; but by the total capital of more than of 309,102 billion VND allocated by the Government, the rate shall be 38.6%.

This shows the difference in the calculation for the disbursement rate. Hence, the disbursement rate of 5.8% of the State Bank is calculated by the total capital, and by 56.14% by the capital allocated by the Government

Also explaining this, at the press conference, the Deputy Minister of Finance Vu Thi Mai said that the figures, as well as the disbursement rates, are accurate, however, because the denominators are different, leading to different rates.

Accelerating the disbursement of investment capital VCN - Although the disbursement rate of development investment capital in the first five months of 2017 ...

“The National Assembly allocated 73.3 billion VND for the State Banks to disburse, but the Prime Minister only allocated 7.6 billion VND for the State Bank, so 65.7 billion VND has not been yet allocated. Therefore, the State Bank and the Ministry of Finance provided different figures”, the Ms. Vu Thi Mai said.

Therefore, the representative of Ministry of Finance said that these figures will help Ministry of Planning and Investment as well as ministries and sectors to review and consider the capital amount which has not been allocated to report the Prime Minister in order to help ministries and sectors succeed the task and goal of disbursement of state investment capital allocated by the National Assembly.