2023-04-22 11:45:00
Accelerate economic activities through the disbursement of public investment capital
The disbursement of public investment capital is all the more important as industrial production, the contribution of companies as well as exports were down in the first quarter of the year.
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| In the first quarter of 2023, the disbursement of public investment capital amounted to 73,192.092 billion VND, or 10.35 percent of the plan assigned by the prime minister. |
| Photo : VNA/CVN |
At a conference held recently to discuss measures to remove obstacles to carry out the works, Prime Minister Pham Minh Chinh asked ministries and branches to speed up the reform of administrative procedures, soon approve of projects, to speed up the implementation of projects, to provide sufficient construction materials to contractors.
The government has identified public investment as both a resource and a driver of development. The task of socio-economic development in 2023 emphasizes accelerating the disbursement of public investment funds, the effective realization of the socio-economic recovery and development program and the three national target programs.
For a rapid recovery and sustainable development
According to the Head of Government, these tasks are particularly important in terms of economy, politics, society, defense and security, removing bottlenecks, creating a basis for socio-economic infrastructure, by leading investments, opening up new spaces for development, improving connectivity, ensuring macroeconomic stability, eradicating hunger and reducing poverty, increasing the internal resources of the country in order to create momentum for rapid recovery and sustainable development.
According to data from the Ministry of Planning and Investment, in the first quarter of 2023, the disbursement of public investment capital amounted to 73,192.092 billion VND, or 10.35 percent of the plan assigned by the Prime Minister. .
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| In the first quarter, the transport ministry disbursed 94 trillion VND, or 17 percent, of the 2023 investment plan. |
| Photo : VNA/CVN |
According to the Minister of Planning and Investment Nguyên Chi Dung, at the end of March 2023, there were still 48 ministries, central organs and 28 localities making disbursements below the national average, of which 30 ministries and organs central agencies not yet disbursed, i.e. 0% of the State budget investment plan in 2023.
Among the many reasons leading to the slow allocation and disbursement, the Ministry of Planning and Investment pointed out that a number of projects that are expected to organize state budget investment plans in 2023 have not yet completed the investment procedures. Of these, projects under the Socio-Economic Development and Recovery Program represent an important part.
Lack of materials
In addition, a number of key projects in the transport sector have encountered difficulties due to a lack of materials. In the first quarter, the transport ministry disbursed 94 trillion VND, or 17 percent, of the 2023 investment plan.
According to Chairman of the People’s Committee of Hanoi, Trân Si Thanh, in the first quarter of 2023, the city paid out more than 5.1 trillion VND, reaching 11% of its annual plan, but there are 16 departments, sectors, districts and districts which have not yet disbursed. In the coming months, the city will continue to lead the disbursement of allocated capital, focusing on addressing land and price issues.
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| The Prime Minister has set up working groups to analyze the causes of delays in projects and works in order to find solutions to improve the situation. |
| Photo : VNA/CVN |
Indeed, the government is still closely monitoring the situation, urging the units to put their efforts into the preparation, implementation and disbursement of resources from this important capital.
Set up working groups
The Prime Minister has also set up working groups to analyze the causes of delays in projects and works in order to find solutions to improve the situation. Ministries, central and local agencies should urgently allocate in detail the state budget investment plan in 2023 assigned by the Prime Minister in accordance with the regulations.
Ho Chi Minh City will focus on public investment disbursement and strive to achieve 35 percent of the annual disbursement plan in the second quarter, 58 percent in the third and 95 percent by year-end, Phan Van Mai said, Chairman of the People’s Committee of Ho Chi Minh City.
To promote disbursement, the Minister of Planning and Investment, Nguyên, Chi Dung asked the ministries, sectors and localities to accelerate the detailed allocation of capital and the implementation of projects.
VNA/CVN
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