Investment capital from the state budget in 5 months is estimated at 45,100 billion VND

DNHN - According to the General Statistics Office, investment capital realized from the State budget in May 2023 was estimated at 45,100 billion VND, an increase of 18% compared to the same month the previous year.

According to the General Statistics Office, investment capital from the state budget was focused on promoting implementation by ministries, branches, and localities in May 2023, thereby serving as a catalyst for economic growth.

In May 2023, it was estimated that the investment capital realized from the State budget amounted to 45,100 billion VND, an increase of 18% compared to the same period in the previous year, with centrally managed capital reaching 8,800 billion VND, an increase of 28.4%, and local capital under management reaching 36,300 billion VND, an increase of 15.4%.

The general estimate for investment capital realized from the state budget in the first five months of 2023 is greater than 177,000 billion VND, which represents 25.5% of the year plan and an increase of 18.4% over the same period last year (the same period last year). 2022 by 24.9%, with a growth of 10.8%).

Specifically, threalizeded investment capital managed by the central government was estimated at 33,600 billion VND, which corresponds to 25.3% of the annual plan and represents a 30.2% increase over the same period last year. The locality manages realized investment capital estimated at VND 143,400 billion, equal to 25.6% of the annual plan and an increase of 15.9% over the same period last year.

The General Statistics Office also noted that in the first five months of 2013, some localities' investment capital from the state budget increased significantly, with Binh Duong reaching VND 4,820 billion, an increase of 95.8%; Hai Phong reaching VND 4,313 billion, an increase of 38.9%; and Ho Chi Minh City reached VND 10,260 billion, an increase of 25%...

However, in addition to the localities with large increases, there are also localities with decreases, such as Quang Ninh, which reached VND 4,729 billion, a decrease of 17.7%; Hanoi, which reached VND 14,898 billion, a decrease of 4.2%; and Nghe An, which reached VND 3,073 billion, a decrease of 3.5%.

According to the Ministry of Planning and Investment's explanation, the slow disbursement of capital in localities is primarily attributable to issues with the policy provisions of the Law on Public Investment and the Law on Land. In addition, land management represents the greatest obstacle.

The Ministry of Planning and Investment has also stated that the procedures for land acquisition, compensation for site clearance, and resettlement support are complex and that resettlement implementation is complex and time-consuming.

To accelerate the disbursement of public investment capital in the upcoming months and ensure that the target by the end of 2023 is 95% of the capital plan assigned by the Government's Resolution and the Prime Minister's Directive, the Ministry of Planning and Invest will implement measures to organize and implement by the Government's Resolution and the Prime Minister's Directive and will require local leaders to actively participate.

Ngoc Phi (TH)