State Treasury estimates disbursment investment capital of plan in 2021 reaching more than 13%

The State Treasury continues to promote the application of information technology to control expenditures. Photo: Thùy Linh

According to the State Treasury's report, it is expected that by the end of March 2021, the entire State Treasury system will have disbursed investment capital under the 2021 plan to be VND 58,290.5 billion, equal to 13.4% of the Prime Minister's plan assigned to control spending via Treasury (more than VND 434,797 billion).

The disbursement figures do not include direct funding through the Ministry of Public Security, the Ministry of Defence, projects funding by money orders (controlling expenditures through financial authority), interest subsidies through the Development Bank and the Policy Bank and the charter capital allocated through the Finance and Banking Department (Ministry of Finance); capital increase through revenue collection, saving for State budget expenditures for the Ministry of Defence or the Ministry of Transport.

According to the State Treasury, compared to the same period in 2020, this expenditure increased by VND 217 billion in value, up 0.5% compared to the capital plan assigned by the Prime Minister to control expenses through the State Treasury.

The State Treasury report also showed by the end of March 2021, the accumulated disbursement of investment capital from 2020 to 2021 through the State Treasury system is more than VND 2,392 billion, equaling 4.4% of the capital plan trasferred from 2020 (VND 54,932 billion).

The State Treasury is continuing to strictly implement Decree No. 11/2020/ND-CP of the Government on administrative procedures in the State Treasury field. At the same time, the State Treasury continues to promote the use of information technology in professional activities as well as upgrade the online public service system to facilitate investors and project management boards in the payment and disbursement of capital with the Treasury.