Public investment: resolutely adjust the capital of slow-moving projects

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Disbursement of public investment in the first 6 months of 2018 was over VND 130,013 billion. Photo: internet.

In order to achieve the above results, in addition to the Prime Minister's directives and the efforts of the Ministries, sectors and investors, the leadership of the Ministry of Finance has made a great contribution. In particular, the Investment Department has made efforts to urge the units to allocate public investment plans as a basis for disbursement; At the same time urging the disbursement of public investment capital, and reporting monthly to the Prime Minister on the situation of payment of investment capital for development of state budget capital and government bonds.

For localities with a low disbursement rate, the Investment Department shall propose the Ministry of Finance to request in writing to the localities for reports in order to handle under their competence, or ask the competent authorities for consideration and settlement of contents if beyond their competence so as to accelerate disbursement of public investment. At the same time, the Investment Department submits to the Ministry to propose the Government to direct the ministries and sectors to introduce solutions to boost the disbursement.

According to Mr. Trieu Tho Han - Director of Investment Department, from now until the end of the year, the Department will actively implement the projects, policies and mechanisms to ensure the quality and schedule set out; at the same time, collaborating with the Ministry of Planning and Investment to amend and supplement some articles of Law on Public Investment and Decrees guiding the law. The Department will take the initiative in operating the capital plan in 2018, in accordance with the Resolution of the National Assembly and the Government, the Prime Minister's decision; and determine to submit to competent authorities for reducing and transfer capital of projects which are in low disbursement or incapable of disbursement.

Slow disbursement of public investment will affect 2018 GDP VCN- By 2018, half of the road passes, but the investment from the budget to the economy ...

The Department will propose the Ministry of Finance to strictly implement the report on disbursement of the public investment plan and suggest solutions to deal with difficulties and obstacles to promote the disbursement; enhance the management and inspection of the payment of investment capital, the final settlement, expenses for management boards of ministries, sectors and localities; and handle arising problems according to their competence or ask the competent authorities for settlement.