Public investment disbursement in 7 months lower than same period last year

	Five-month public investment disbursement reaches nearly 27% of target
	PM orders acceleration of public investment disbursement for 2024
	PM asks for solutions towards 95% of public investment disbursement rate

The disbursement of public investment capital from the beginning of the year to June 30, 2024 is VND188,406.3 billion, reaching 26.15% of the plan (VND720,377.8 billion), reaching 28.15% of the plan assigned by the Prime Minister.

Of which, the Socio-Economic Recovery and Development Program is VND4,490.22 billion (reaching 73.28% of the plan assigned by the Prime Minister), the National Target Program (National Target Program) is VND8,638.3 billion, reaching 31.74% of the plan.

Disbursed capital from the beginning of the year to July 31, 2024 is estimated at more than VND232,000 billion, reaching 32.22% of the total plan, reaching 34.68% of the plan assigned by the Prime Minister, lower than the same period in 2023 (35.49% of the total plan and reaching 37.85% of the plan assigned by the Prime Minister).

Of which, the Socio-Economic Recovery and Development Program is 4,685.13 billion VND (reaching 76.46% of the plan assigned by the Prime Minister), the National Target Program is 11,840.8 billion VND, reaching 43.5% of the plan. .

11/44 ministries, central agencies and 38/63 local agencies have estimated disbursement rates above the national average. Photo: Internet

Commenting on the disbursement situation, the Ministry of Finance said that in the first seven months of 2024, 11/44 ministries, central agencies and 38/63 local agencies had an estimated disbursement rate above the national average.

Some ministries, central and local agencies have good disbursement rates including: Vietnam Television (100%), Ministry of Agriculture and Rural Development (53.95%), Ministry of Transport (50.83%), Ministry of Construction (47.91%), Thanh Hoa (58.45%), Hoa Binh (56.79%), and Long An (52.22%).

However, 33/44 ministries, central agencies and 25/63 local agencies saw a lower disbursement rate than thenational average. In particular, some ministries and central agencies had very low disbursement rates or 0% disbursement rate such as the Vietnam Cooperative Alliance and the Vietnam Fatherland Front Committee. The reason is because these agencies have not allocated the capital plan. Some ministries and central agencies disburse very low amounts such as: Committee for Ethnic Minorities (1.12%), Ho Chi Minh National University (1.43%), Hanoi National University (2.96% )….

Some localities have a disbursement rate below 20% such as Ho Chi Minh City (14.31%), Phu Yen (16.27%), Bac Ninh (16.08%), Hai Duong (18.36%).

According to the Ministry of Finance, some localities are assigned large disbursement plans (such as Ho Chi Minh City is assigned VND79,263.78 billion, accounting for 11.8% of the plan assigned by the Prime Minister for the whole country, Hanoi City is assigned VND81,033 billion, accounting for 12,000 billion VND). 1% of the plan assigned by the Prime Minister for the whole country) but their disbursement rates are not high, so it greatly affects the overall disbursement rate of the country.

Assessing the difficulties and obstacles affecting the disbursement progress of public investment capital, the Ministry of Finance said that the main problems are related to policy mechanisms; many ministries, centrl and local agencies have not yet allocated details for projects so they cannot disburse funds. Ministries, central and local agencies are requested to strictly implement the Prime Minister's instructions.