Proposing ministries and sectors urgently deploy projects that have been allocated capital, ensuring disbursement progress of investment capital

A project using government bond capital is in Hai Duong province. Photo: Thùy Linh.

The disbursement of domestic capital was more than VND 54,303 billion, accounting for 13.8% of the plan of the National Assembly and the Prime Minister assigned to control expenses through the State Treasury. In particular, central capital disbursed more than VND 5,309 billion (central capital to support investment in industries, fields and target programme of disbursement was VND 5,309 billion; the capital for national target programme was disbursed VND 0.3 billion). Local budget disbursement was more than VND 48,994 billion, reaching 15.1% of the plan.

Foreign capital was controlled and verified by the State Treasury as a basis for the withdrawal of foreign capital of more than VND 3,204 billion, reaching 5.7% of the plan. Of that, central capital under control and verification was VND 635.4 billion, reaching 3.5% of the plan. Local budget control and verification was VND 2,569.3 billion, reaching 6.7% of the plan.

Besides that, the State Treasury also controlled capital payment of ministries and localities to allocate capital plans in 2020 outside the National Assembly plan, the Prime Minister assigned VND 1,317.9 billion/8,306.9 billion VND, reaching 15.9% of the plan set by ministries, sectors and localities.

To accelerate the process of allocating, implementing and disbursing public investment under the 2020 plan, from the first months of 2020, under the Government's direction in Resolution No. 01/NQ-CP dated January 1, 2020, the State Treasury proposed the Ministry of Finance raise opinions to ministries, sectors and localities to direct investors to quickly implement the project already funded by the provincial People's Committee in 2020 to ensure progress and efficiency.

At the same time, continue to rapidly allocate, assign and input information into the Treasury and Budget Management Information System (TABMIS) plans on public investment capital to investors so investors could have a basis to deploy and implement the project and send to the State Treasury (place of transaction) as a basis for control and payment.