Identify the causes of low capital disbursement
According to a report from the Department of Planning and Investment of Khanh Hoa province, the total capital plan for 2024 assigned by the Prime Minister to the locality is VND 8,269 billion.
By the end of June 2024, this locality has allocated a capital plan of 7,133 billion VND; Unallocated capital is 1,135 billion VND, of which 279 billion VND is unallocated from land use fees due to projects that have not completed investment procedures according to regulations and local government bonds that have not been issued. in 2024 is 855 billion VND.
By the end of June 30, the disbursement rate of the 2024 capital plan compared to the capital plan assigned by the Prime Minister reached 20.0%, lower than the average disbursement rate of the whole country (the general disbursement rate of the Prime Minister). The whole country in the first 6 months of 2024 reaches 29.39%). Compared to the actual capital plan assigned by Khanh Hoa province, the disbursement rate of the capital plan in 2024 reached 22.3%.
The disbursement results of the public investment plan in the first 6 months of the year are still slow due to the objective reason that the unissued local government bond capital is 855 billion VND. To date, Khanh Hoa province has decided not to issue bonds anymore.
Second, according to the provisions of the Law on Public Investment, new projects starting in 2024 are assigned annual capital plans after the competent authority decides to approve the investment project. Next, the project must carry out procedures for land acquisition and site clearance, which usually lasts 7-9 months... Therefore, disbursement of capital plans for projects usually starts at the beginning of the quarter. III onwards.
In addition, there is also a reason that the district-level human resources allocated to carry out compensation work in districts, towns and cities are still small compared to the increasing need for site clearance to serve projects.
Recommend that investors commit to disbursement of 95% or more
The subjective reason is that investment procedures and contractor selection are slow, affecting the project's disbursement progress.
Among them, there is a project assigned a large capital plan, which is the construction component project of the Road Project from National Highway 27C to Provincial Road DT 656 in Khanh Hoa province - connecting with Lam Dong province and Ninh Thuan province; Capital plan allocated is 500 billion VND, estimated disbursement by the end of June 2024 is only 2%; Up to now, the work of selecting construction contractors has not been completed.
Second, the current implementation of compensation and site clearance is facing difficulties due to the work of determining specific land prices for compensation and resettlement support at the district level being implemented very slowly..., affecting progress. disbursement of the project.
From the above facts, the Department of Planning and Investment recommends that Khanh Hoa Provincial People's Committee direct investors to commit to disbursement in 2024 reaching 95% or more and take responsibility for not completing disbursement of the year plan. .
