State Treasury requests solutions to speed up the disbursement of public investment

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It is vital to improve the quality of customer service in payment transactions of the State Treasury system. Photo: Thuy Linh

Recently, the State Treasury issued Official Dispatch No. 4930/KBNN-KSC sent to affiliated treasury units and the State Treasury Transaction Department on accelerating the disbursement of public investment in the last months of the year.

Accordingly, the State Treasury requests the Directors of the State Treasury of the provinces and centrally-run cities to organize and direct the Payment Control Divisions under the Provincial State Treasury and the District State Treasury to propagate, disseminate Official Telegram No. 749/CD-TTg dated August 18, 2023, of the Prime Minister on accelerating the disbursement of public investment in the last months of 2023 to all civil servants performing the task of controlling public investment payment.

At the same time, these units should continue to follow Directive No. 589/CT-KBNN dated February 7, 2023, of the General Director of the State Treasury on strengthening payment control and improving the quality of customer service in payment transactions of the State Treasury system.

The official dispatch requires local State Treasury units to coordinate closely with investors and project management boards to accelerate payment transactions through the State Treasury's online public services and promptly pay for the completed volume of projects.

In addition, units should process documents within the time limit specified in Decree No. 99/2021/ND-CP dated November 11, 2021, of the Government regulating management, payment, finalization of the use of public investment, promptly meeting the spending needs of budget users and investors, contributing to accelerating the disbursement of public investment in 2023.

The State Treasury also requires the State Treasury Transaction Department and all State Treasury units to closely follow investors and project management boards to promptly grasp and solve problems arising during the disbursement process of each bidding package and project.

For problems beyond their authority, units must synthesize and report solutions to competent authorities for consideration.

The State Treasury requires units to make monthly reports on the implementation and payment of public investment capital to ensure timeliness and compliance with regulations, accurate data, and serve the management of the Government, Prime Minister, Ministry of Finance and local authorities in which proposing specific and practical solutions to accelerate the disbursement in the last months of 2023.

According to a report from the Ministry of Finance, the country disbursed VND253,354.9 billion in the first seven months of 2023, reaching 33.46% of the plan (VND757,171.7 billion) and 35.83% of the plan assigned by the Prime Minister (VND707,044.2 billion). The disbursed amount from the beginning of the year to August 31, 2023, is VND299,447.4 billion, reaching 39.6% of the plan and 42.3% of the plan assigned by the Prime Minister.

Eight key tasks for the State Treasury to fulfil its assigned targets

According to the Ministry of Finance, the estimated disbursement rate for the eight-month 2023 plan of the whole country increased significantly compared to the same period in 2022 (39.15%).