Prepare to accelerate the disbursement of public investment capital in 2023

VCN - Deputy Minister of Planning and Investment Tran Quoc Phuong said that the preparation for the disbursement of public investment capital needs to be done early and remotely so that by 2023, we can implement it immediately.
The way to disburse public investment capital The way to disburse public investment capital
Hanoi works to speed up disbursement of investment projects Hanoi works to speed up disbursement of investment projects
Disbursement progress in September 1.5 higher than average rate in the first eight months of 2022 Disbursement progress in September 1.5 higher than average rate in the first eight months of 2022
Illustration. Internet
Illustration. Internet

At the regular Government press conference on the afternoon of October 29, answering a question about solutions for public investment disbursement, Deputy Minister of Planning and Investment Tran Quoc Phuong said that this is an issue that always receives attention and especially in the 4th Session, this 15th National Assembly also received the attention of the National Assembly deputies.

Talking about disbursement results, in the report of the Ministry of Planning and Investment, by October 31, 2022, the disbursement of the whole country was estimated at about VND298 trillion, an increase of 16% compared to the same period last year.

According to the Deputy Minister, this shows that the amount of capital disbursed to the economy is more.

However, the percentage figure is lower than last year, which was 51.34%. He explained that the denominator plus VND38 trillion of additional allocations to the 2022 estimation has just been approved by the National Assembly Standing Committee and was also delivered by the Prime Minister in early October. If the number VND38 trillion is not included, this is also about 55% (54.94%). This 55% figure is also almost equal to 2021; the same period reached 55.8%.

However, in 2021, disbursement for the whole year will be accumulated in the last 3 months of the year, especially regulations on budget disbursement until January 31, 2022. Therefore, by January 31, 2022, we have disbursed more than 90%.

The Deputy Minister of Planning and Investment also said that online, the systems of the Ministry of Finance and the Ministry of Planning and Investment have public disbursements of all ministries, branches and localities.

Talking about solutions to speed up the disbursement of public investment capital by the end of the year, according to Mr. Tran Quoc Phuong, time is very little, two months in 2022, plus a month of disbursement to prepare for settlement, we have about three months left to promote disbursement.

Therefore, the time to implement new solutions is not much. The Ministry of Planning and Investment has also reported to the Government to propose several groups of solutions to be more active and implement more drastically in the last months of the year, so it is hoped that a high disbursement number can be achieved by January 1, 2023.

Specifically, the Deputy Minister of Planning and Investment said that the first solution is to strictly follow the instructions of the Prime Minister as well as the Government. Secondly, the most important fundamental task is to urge the investors as well as the project management boards and the contractors to have the volume to be disbursed.

It is not possible to disburse funds from the Treasury without the accompanying volume. Therefore, the work from now to the end of the year is very important, how to get a relatively large volume so that we can disburse the remaining amount of 2022.

The third issue is also very important to implement in ministries, sectors and localities. That is the work of leading, directing, operating as well as leading and directing drastically objects such as investors, project management boards and contractors on how to achieve good implementation results.

The fourth is related to procedural issues, the time from now to the end of the year is only three months. Therefore, Deputy Minister Tran Quoc Phuong suggested that the ministries, branches and localities must prepare in advance administrative procedures to disburse public investment capital when there is a volume so as to avoid the rush at the end of the year.

Finally, it is preparation, because we are about to enter 2023, the budget and public investment plan presented to the National Assembly with a large amount of capital in 2023, more than VND100 trillion higher than 2022, and the disbursement pressure of 2023 is huge. Therefore, it is necessary to prepare early so that by 2023, we can immediately implement it.

Also on this issue, at the press conference, Minister and Chairman of the Government Office Tran Van Son said that the Government has established six working groups, of which four Deputy Prime Ministers are leaders of four groups. The 5th group is the comrade Minister of Planning and Investment as the leader and the 6th group is the comrade Minister of Finance as the leader. Teams regularly inspect, urge and remove difficulties for ministries, sectors and localities. With very drastic and timely solutions, and flexible management, we will achieve the requirements.

On the afternoon of October 28, explaining some opinions of National Assembly deputies at the 4th session of the 15th National Assembly, Minister of Planning and Investment Nguyen Chi Dung said that disbursing investment capital policy is an important and key content to promote economic growth, recovery and development and is of interest to delegates and voters nationwide.

The Government and the Prime Minister have issued many resolutions, cables and documents to urge, direct, deploy and organize three online associations and six working groups. Although the result is about 1 percentage point lower, in absolute value, the realized value is higher than VND40,000 billion, which is an increase of 16%.

Minister Nguyen Chi Dung reported the reason why the disbursement progress of public investment capital has not been as expected, of which 76.5% of the state budget capital is managed and organized by localities.

The Minister suggested enhancing the role of the People's Council and National Assembly deputies in supervising from project selection, and investment preparation to site clearance and construction organization.

Public investment disbursement among measures to promote growth: PM Public investment disbursement among measures to promote growth: PM

For site clearance, the Minister proposed to study and amend the Land Law in the direction of allowing a number of previous actions such as counting, measuring, and surveying when we have a plan and an investment policy that will reduce the progress of implementation by six to eight months.

By Huong Diu/Bui Diep

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