Deputy Prime Minister: Disbursement of public investment capital has not met the requirements

DNHN - Deputy Prime Minister Le Van Thanh asked localities to review projects using local capital that have been allocated capital but are not feasible this year, and promptly transfer capital to other projects to ensure investment efficiency.

On the afternoon of August 1, Deputy Prime Minister Le Van Thanh held a meeting with the Prime Minister's Working Group No. 4 on inspecting, urging and accelerating the disbursement of public investment capital in 2022 at several ministries, branches, agencies and localities.

At the meeting, Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc said by June 30, the disbursement value of 14 agencies and units including nine ministries, central agencies and five localities reached about VND 22,689 billion, equal to 17.1% of the assigned plan (lower than the national average of about 29.1%).

Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc said that according to the mid-term plan for 2021, the capital will mainly be allocated to transition projects. The year 2022 is special because the implementation of new groundbreaking projects begins, so investment procedures also take longer, affecting the disbursement progress in the first months of 2022.

Concluding the meeting, Deputy Prime Minister Le Van Thanh stated promoting investment and disbursing public investment is an important task to effectively use public investment capital, thereby contributing to stimulating demand and promoting economic growth, creating more jobs and income for people and businesses as well as attracting other investment resources.

Deputy Prime Minister Le Van Thanh affirmed the disbursement results at the ministries, branches and localities have not met the requirements. Therefore, the ministries, branches and localities must make great efforts, clearly identify the causes, find solutions to accelerate the disbursement speed and strive to disburse the entire disbursement in December 2022.

Agreeing with the comments on the reasons for the slow disbursement, the Deputy Prime Minister said the law is very strict, and the implementation process requires very precision. Poor preparation of investment projects also affects disbursement.

The Deputy Prime Minister noted ministries and branches must pay great attention from the first stage, project registration to project formulation, policy approval, investment project formulation... "If this stage is not guaranteed, even with capital, it is not possible to do it”. Ministries, branches and localities must strictly comply with the provisions of law and ensure the quality of the preparation of documents, appraisal and approval of projects.

The Deputy Prime Minister asked localities to review projects using local capital that has been allocated capital but is not feasible this year and promptly transfer capital to other projects to ensure investment efficiency.

For the allocated central capital, the ministries, branches and localities should review and propose to the competent authorities to adjust the list of projects within their respective localities or to other localities. If this is not possible, it should be aggregated for timely transfer.

Regarding the payment and settlement records, localities need to be closer, check the actual situation, work closely with contractors, and ensure the payment schedule for contractors.

Regarding land clearance work, Deputy Prime Minister said that many localities reflect problems in this field. The role of central ministries and branches is very important in supporting localities to speed up disbursement.

The Deputy Prime Minister requested the Ministry of Planning and Investment to summarize, review and submit to competent authorities to handle shortcomings and problems in public investment disbursement.

PV