Prime Minister: It's the responsibility with people if we can't spend money

DNHN - On the morning of September 26, 2022, Prime Minister Pham Minh Chinh delivered this address at the National Online Conference on accelerating the distribution of public investment resources and implementing three national goal projects.

Deputy Prime Minister Le Minh Khai, Deputy Prime Minister Le Van Thanh, and leaders of ministries, branches, and central agencies were present for the meeting on the bridge at the government's headquarters. The chairman of the People's Committees of the provinces and centrally-run cities was present at the conference at the neighbourhood bridge.

In his opening remarks, Prime Minister Pham Minh Chinh emphasized the importance of allocating public investment capital as a means of achieving the socio-economic development objectives of the nation, promoting growth, creating jobs and livelihoods for citizens, giving localities, ministries, and branches new development opportunities, and fostering rapid and sustainable growth, particularly under challenging conditions.

The government has asked for synchronous, rhythmic, close, and effective coordination between monetary policy, fiscal policy, and other measures in the current environment. The expansionary fiscal policy is reasonable, targeted, focused, and effective, including the distribution of public investment capital. The monetary policy is sensible and certain, providing initiative, flexibility, and efficiency.

In terms of direction and administration, the government has also defined "4 stability, 3 enhancement, 2 promotion, 1 reduction, and 1 resolute no," where "2 step up" refers to increasing production, developing businesses and enterprises, creating jobs, and quickening the distribution of investment capital, particularly public capital.

The issue of public investment capital disbursement and the implementation of three national target programs has been heavily regulated by the Government and the Prime Minister since the beginning of the year, closely with the promulgation of numerous resolutions through marketing, dispatching, and organizing numerous national online conferences and meetings; set up six working groups of the Prime Minister to inspect and expedite the public investment capital disbursement.

However, the distribution of public investment capital in 2022 has not significantly improved; many agencies and localities distribute slowly, falling short of the established standards, and impeding socio-economic development goals. On the other hand, the issue of slow distribution of public investment capital is also a long-standing issue. To encourage and speed up the distribution of public investment funds in 2022 and implement 3 national goal programs, the government continues to host an online conference.

There have not been many good developments, and the disbursement rate for public investment reached 46.7% in the first nine months of 2022. The major driving role of public investment has not yet been fully realized due to several flaws, restrictions, challenges, and barriers, particularly in the process of socio-economic recovery and growth and the achievement of objectives. There is a strategy in place for 2022.

The Prime Minister instructed the delegates to concentrate on outlining challenges, impediments, bottlenecks, and bottlenecks; reasons for the slow disbursement of public investment capital; slow project progress; and slow implementation of three national target programs; evaluate the leadership, direction, mechanisms, policies, preparation, implementation, inspection, supervision, payment, and settlement; and specify who is responsible for ministries' failure to expedite the disbursement of public investment capital.

"Specific deeds demonstrate a person's responsibility to their home, their nation, and their fellow citizens. If you have money but can't spend it, it's your problem; if you do, it's the people's fault "Nguyen Xuan Phuc, the prime minister, remarked.

P.V