2023-05-12 23:10:00
Faced with the slow disbursement and allocation of public investments, Prime Minister Pham Minh Chinh decided to set up five working groups to inspect and encourage the disbursement of these capitals.
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>> The government wants to accelerate the disbursement of public investments
The Prime Minister said that 2023 is the midterm year with significant significance in implementing the resolutions of the XIII National Congress of the Communist Party of Vietnam and the National Assembly (XVe legislature) in terms of the socio-economic development of 2021-2025.
| Removing bottlenecks in the disbursement of public funds is imperative to create momentum for economic recovery. |
| Photo : VNA/CVN |
The government has identified public investment as both a resource and a driver of development. The socio-economic development task in 2023 emphasizes accelerating the disbursement of public funds, the effective delivery of the socio-economic recovery and development program, as well as the three national target programs.
It is necessary to remove obstacles, share attractive models, stimulate creativity, propose measures to accelerate the disbursement of public funds in a practical, efficient, flexible manner and in line with the real situation, said Prime Minister Pham Minh Chinh. In his view, these tasks are “particularly important” in terms of the economy, politics, society, defense and security, removing bottlenecks, creating a basis for socio-economic infrastructure, opening new new development spaces, improving connectivity, ensuring macroeconomic stability, reducing poverty, increasing the country’s internal resources and creating momentum for rapid economic recovery and sustainable development.
Clarify responsibilities
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| In 2023, the amount of public investment would be 711.7 trillion VND, an increase of more than 130,000 billion compared to 2022. |
| Photo : VNA/CVN |
In 2022, the government issued resolutions, directives, and held national conferences and meetings online. On March 14, the Prime Minister took a decision on the establishment of five working groups to inspect and encourage the disbursement of public investment capital. In addition, the number of projects has been reduced to concentrate capital on priority projects.
Immediately following this decision, a webinar aimed at verifying, removing difficulties and accelerating the disbursement of public investments in five localities under the No. 1 working group, namely Ho Chi Minh City, Trà Vinh, Vinh Long, Soc Trang and An Giang (South), was held on April 24. According to the report of the Ministry of Finance, the total disbursement of these five localities at the end of March 2023 was more than 2.553 billion VND, reaching 2.74% of the plan assigned by Prime Minister Pham Minh Chinh and well below the average. national (10.35%). Specifically, the rate was over 5% for Trà Vinh, Vinh Long, Soc Trang and An Giang. It was only 0.89% for the southern megalopolis.
Deputy Prime Minister Le Minh Khai, head of working group No. 1, stressed the importance of accelerating the disbursement of public investment funds in this current difficult situation to create a driving force for growth. He also called for clarification of responsibility for the slow disbursement of capital and submission of investment policies.
For key projects, ministries, branches and localities should closely follow guidance documents from the government and the prime minister, striving to achieve more than 95 percent of the 2023 investment capital plan, said noted the deputy head of government. Consider accelerating the disbursement of medium-term public investment capital as one of the priority policy tasks in 2023 and disbursement results as the basis for staff evaluation, reward, utilization and promotion. In addition, Lê Minh Khai underlined the role, position and responsibility of the authorities in the implementation of the works and the settlement of the problems concerned.
Tackling Obstacles
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| The urban rail line from Cat Linh – Hà Dông to Hanoi carries 2.65 million passengers in the 1st quarter of 2023. |
| Photo : VNA/CVN |
Deputy Minister of Planning and Investment, Trân Quôc Phuong, said that the disbursement of public funds from the state budget as of January 31, 2023 was over 541.857 billion VND, or 93.5% of the plan assigned by the Prime Minister. There is a need to continue to operate the government’s five task forces effectively to speed up disbursement and tackle obstacles faced by official development assistance projects, he said.
It is expected that in 2023, the amount of public investment funds will be 711.7 trillion VND, an increase of more than 130 trillion compared to 2022. Thus, this year the task of disbursing these funds is more important than in 2022 with higher quality and efficiency requirements. Therefore, it requires drastic action from the first months of the year. The country will strive to best disburse public investments to reach at least 95% of the annual plan.
The slow disbursement of public investments is due to several factors, including the incompatibility of several mechanisms, the rise in commodity prices, the delay in clearing land, the lack of political determination, etc.
There are also challenges in implementing the Socio-Economic Recovery and Development Program and the three National Target Programs. Pham Minh Chinh reiterated that the disbursement of public investments is both a resource and an engine for development. Therefore, it must be accelerated, as well as the implementation of the Program for Socio-Economic Recovery and Development and the three programs mentioned above. The Prime Minister insisted on the need to identify the disbursement of public investments as the most important political task at all levels and in all sectors in the year 2023.
It is necessary to focus on solving difficulties, to strengthen collaboration between ministries, central agencies, localities, to accelerate administrative reform related to public investments. It is also important to make a detailed disbursement plan for each project and follow it closely to resolve any problems in time.
The Linh/CVN
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