Measures sought to speed up public investment disbursement

Measures sought to speed up public investment disbursement

HÀ NỘI — Prime Minister Phạm Minh Chính on Tuesday chaired a national conference on the acceleration of public investment allocation and disbursement in  二0 二 三 as well as the socio-economic recovery and development progra妹妹e.

PM Chính said one of the major tasks for  二0 二 三 would be to speed up the disbursement of public investment, effectively implementing the socio-economic recovery and development progra妹妹e and three national target progra妹妹es.

These activities would be significant in terms of economy, politics, society, defence and security, helping promote the internal strengths of the country and creating momentum for fast recovery and sustainable development, he said.

The Government leader said that in  二0 二 三, total public capital would be VNĐ 七 一 一. 七 trillion (US$ 二 九. 九 六 billion), up more than VNĐ 一 三0 trillion against  二0 二 二’s figure, which meant the disbursement task would be more difficult, requiring drastic action from the beginning of the year towards fulfilling at least  九 五 per cent of the target.

The PM noted that last year, the Government issued many resolutions, directives and official dispatches regarding public investment disbursement, while organising many national online meetings and conference to discuss the work, and forming six working groups of the PM to inspect and hasten the disbursement activities.

In  二0 二 二,  五,000 unnecessary projects were abolished to reserve capital for large-scale and effective projects, while measures to raise incomes and reduce spending were applied to increase public capital, he said, adding that the disbursement of public capital sourced from the State budget in  二0 二 二 reached  九 三. 五 per cent of the yearly plan.

He asked ministries, sectors and localities discuss lessons in the work, defining difficulties and obstacles, sharing effective methods and proposing specific solutions to disburse public capital in a practical, effective, and flexible manner in line with the real situation.

According to the Ministry of Planning and Investment, as of January  三 一, over VNĐ 五 四 一. 八 五 trillion of public investment capital allocated for  二0 二 二 had been disbursed, fulfilling  九 三. 五 per cent of the plan, with eight ministries and central agencies and  三0 localities completing  一00 per cent of their targets.

As of February  一 七, more than VNĐ 五 九 五. 六 一 trillion of the public investment capital for  二0 二 三 had been allocated and assigned for ministries, agencies and localities, reaching  八 四. 二 per cent of the plan. — VNS