Promote effective disbursement of public investment expenditure

VCN – In order to achieve the goal of public investment disbursement in 2023, Mr. Tran Manh Ha, Director of the Expenditure Control Department, the State Treasury said, right from the first month of the year, the State Treasury system has focused on disbursing public investment by providing many solutions to facilitate and shorten payment time.
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Promote effective disbursement of public investment expenditure
Mr. Tran Manh Ha, Director of the Expenditure Control Department, the State Treasury.

Could you please tell us how the State Treasury sector plans to disburse public investment in January 2024?

Motivated by direction and performance of the entire political system, the Prime Minister, the Government and ministries and sectors, 11 working groups of the Government, the Ministry of Finance... to accelerate investment disbursement, as of December, 2023, the State Treasury disbursed 85.7% of capital plan assigned by the Prime Minister, up 4% or VND124,000 billion year-on-year.

In January, 2024, the State Treasury system continues to focus on disbursement of the plan 2023 to achieve the target of disbursing over 95% of the capital plan assigned by the Prime Minister. The target is expected to achieve by January 31. Therefore, the entire State Treasury system is focusing on performing the tasks.

For projects assigned estimates by the Government and the Ministry of Finance, and approved on the Treasury and Budget Management Information System (Tabmis), the State Treasury will disburse two types of projects in January. The first is disbursing capital for completed work volume before 31 December 2023 and the second is disbursing capital for new plans of 2024.

What solutions and directions does the State Treasury system deploy to implement the plan?

The entire State Treasury system is focusing on disbursement to achieve the target assigned by the Prime Minister, serving the closing book for 2023 fiscal year and immediately implementing the plan 2024.

Accordingly, the State Treasury focuses on promoting transactions on the online public service portal at level 4, especially monitoring and processing the large increase in application volume during this peak time. The system processes on average about 200,000-250,000 dossiers but about 600,000 dossiers for budget-using units and investors in the peak time. The system has arranged officers to implement payment for payments before audit within one working day, and for payments after audit within three working days.

In addition, the State Treasury has also directed officers to prevent the backlog of documents. The public service system has been designed a remote monitoring system for document processing to avoid delays, ensure on time and make payments in accordance with regulations.

Could you please tell us about solutions provided by the State Treasury to promote public investment disbursement this year?

The results of public investment disbursement in 2023 are contributed by the whole political system, and are achievements of all agencies and sectors, including the State Treasury. The State Treasury has performed this task from the beginning of the year by complying with directives of the Director General of the State Treasury, cooperated with the MoF’s working groups.

The authority has also coordinated with the Department of Investment (MoF) to conduct three training courses on management and allocation mechanisms of public investment capital for investors, project management boards and State Treasury officials, thereby helping to unify understanding and implementation between investors and State Treasury officials to promote public investment disbursement.

In 2024, the State Treasury system will focus on implementing assigned tasks. Especially, the regulator will promote the processing of procedures via the online public service portal as well as expedite electronicization and digitization. However, the digitization process still has some difficulties, especially the lack of synchronization in digitization. For example, paper contracts and investment decisions are still made. When these documents are made on online public service portal, they must be scanned, but if the capacity exceeds five megabytes, it will affect the system.

The State Treasury coordinates with the Ministry of Planning and Investment and relevant ministries and sectors to connect data and build an electronic bidding system, digital signature, electronic contracts, and to develop utility services on the Digital Government..., thereby making more comprehensive digitalization and smooth operation of the State Treasury system.

Thank you Sir!

According to the State Treasury, the cumulative investment capital controlled and disbursed through the State Treasury under the 2023 plan is expected to reach VND 642,865.5 billion, meeting 96.2% of the plan assigned by the Prime Minister, up VND139,480.5 billion year-on-year and up or 3.1% of the plan. This result is also equal to 86.6% of the capital plan assigned by the Prime Minister and the Provincial People's Committee.

The State Treasury will closely follow the direction of the Government, the Prime Minister, the Ministry of Finance and relevant ministries and sectors in budget control and public investment management in 2024 to effectively perform the task; coordinate with relevant units to promptly remove problems and speed up the disbursement of public investment capital.

In a recent official dispatch on the allocation, input of Tabmis estimates and disbursement of the 2024 public investment capital plan, the Ministry of Finance requests the State Treasury to comply with the principal of post-payment audit for each disbursement until the disbursement value reaches 80% of the contract value and then implement the pre-payment audit.

For capital advance payments or implementation under the method of post-payment audit, the Ministry request to perform this work within one working day from the date of receiving full documents. For the remaining amounts, the time limit for control and payment at the State Treasury is within three working days.

By Huong Diu/Hoang Loan

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