MoF requests ministries, agencies and localities to allocate and enter estimates and disburse public investment in 2024

	MoF places businesses and people at the heart of administrative reform
	MoF issues digital transformation assessment indicators

MoF requests requires to improve the responsibility of the leader in directing, supervising and urging disbursement of public investment. Photo: Internet.

The MoF requests ministries, agencies and localities to urgently allocate public investment in 2024 to each task and project that is eligible for allocation, and send to the ministry as the basis to check the allocation and payment of the State budget investment plan in 2024; urgently enter estimates on TABMIS in accordance with regulations so that the ministry have a basis for approval and ensure disbursement for projects.

Specifically, for the capital allocated to recover advance capital: complete the entry of estimates for projects after the decision to allocate capital is issued by the competent authority. Ministries, agencies and localities must direct investors to coordinate with the State Treasury to immediately implement procedures to recover advance capital and account for payments for projects.

Regarding the allocated capital for payment of capital construction debt, for transitional projects and projects completed in 2024, the Ministry requests ministries, agencies and localities to complete the entry of estimates for projects immediately after the decision on capital allocation is issued. Ministries, agencies and localities must require investors, based to complete payment procedures and send them to the State Treasury for control and payment.

For newly projects, ministries, agencies and localities must request investors to complete procedures for opening accounts and granting codes to state budget related units to have a basis for entering estimates for projects eligible for allocation.

Investors and project management boards must register codes of the state budget related units as per provisions of Circular No. 185/2015/TT-BTC of the Ministry of Finance.

To promote disbursement of public investment in 2024, Official Dispatch 405, the Ministry of Finance requests ministries, agencies and localities to drastically implement solutions to promote disbursement of public investment.

Specifically, the ministry asks units to make the detailed allocation in line with the provisions of the Law on State Budget and the Law on Public Investment. The units must carefully review and allocate capital effectively to right beneficiaries; allocate capital plan in 2024 for key national projects; avoid spread allocation; not allocate capital to projects that cannot be disbursed.

Regarding compensation, support and resettlement, the MoF requests the whole local government to assign tasks and responsibilities to each unit. Promptly report obstacles that slow down the progress of compensation, support and resettlement; prevent the delays or lack of capital allocated for this work.

The MoF askes that ministries, central agencies and localities to closely direct and regularly evaluate the disbursement rate of each project, especially key projects, ODA projects, projects with large capital plans for 2024. Resolutely transfer the capital of slowly disbursed projects to the projects that have been completed but still lack of capital and projects with good disbursement progress.

The Ministry will quarterly publicize ministries, central agencies and localities with disbursement rates lower than the national average.

The Ministry stated that ministries, central agencies and localities need to enhance the responsibilities of heads in directing, supervising and urging disbursement; identify the disbursement of public investment in 2024 as a key task of the whole political system.