In only 8 months, the public investment disbursement rate reached 39.15% of the goal

DNHN - According to the most recent report from the Ministry of Planning and Investment (MPI), the disbursement rate of public investment from the start of the year to August 31, 2022, achieved 39.15% of the plan, which is lower than the same time in 2021 (40.6%).

Many policies and solutions, according to the Ministry of Planning and Investment, have been delayed in execution, limiting the efficiency of employing fiscal and monetary resources to assist economic development and recovery. There are other long-standing factors, such as issues and overlaps in specialized legal laws on land, building, state budget, environment, and so on. Project planning is poor; the project must be altered several times; the method takes a longer time, and project management is still insufficient.

In particular, the decision of land categorization, according to this ministry, is still contradictory to the concept of land usage among the laws. Some land rules have not fulfilled practical needs, resulting in site clearing challenges. Furthermore, land management remains lax, with legal procedures for property purchase in some locations lax, leading to citizen protests and litigation.

There are certain issues with the transfer of public assets and the use of the budget in the sphere of the state budget and public property. Construction, bidding, and public investment face challenges in appointing contractors, selecting contractors in unique instances, and splitting compensation, assistance, resettlement, and site clearing into separate projects.

Ministries in charge of specific industries and disciplines must assess legal provisions governing public investment operations to swiftly change and supplement them to fit realistic requirements, streamline procedures and processes, and ensure tight and effective management.

Second, plan for the rapid execution of measures to encourage the flow of public investment money. The Resolution allocates obligations to each ministry, central agency, and locality in this group of solutions to radically execute solutions to promote the distribution of public investment resources within the area of their supervision.

In which it is noted that, based on the actual disbursement situation, if the expected disbursement does not complete the investment plan of central budget capital in 2022 as assigned by the Prime Minister, or if additional capital is required, there is a written proposal to adjust the capital plan and send it to the Ministries of Planning and Investment and Finance for general synthesis.

If the Prime Minister assigns tasks and projects to the medium-term public investment plan after consulting the National Assembly Standing Committee, and it is necessary to supplement the capital plan in 2022 to complete the projects within the year, ministries, central and local agencies must submit written proposals to the Ministries of Planning and Investment and Finance by September 15, 2022, for general synthesis.

By the end of September 15, 2022, the allocation and assignment of specifics of the 2022 state budget investment plan to the three national goal programs will be completed. The provinces and cities' People's Committees shall update and revise the publishing of building material prices and the monthly construction price index to guarantee compliance with rules as a foundation for changing the bidding package and total project investment. Control raw material and building material price variations, and rigorously prosecute actions of speculative price increases for profit.

"The development of capital disbursement is rapid or sluggish depends a lot on the ways of the local authorities, as well as the function of the investor, the project management board," Finance Minister Ho Duc Phoc previously stated. This has also shown some local leadership capacity and responsibility."

P.V