On August 30, Deputy Prime Minister Tran Hong Ha chaired a direct and online meeting on the allocation and disbursement of public investment capital and difficulties and problems of 29 ministries, central and local agencies under Working Group No. 2.
According to the report of the Ministry of Planning and Investment, the total state budget investment plan for 2024 assigned by the Prime Minister to 29 agencies is about VND 231,667 billion. The detailed capital allocation is about VND 228,567 billion, reaching 98.66%.
Of which, 18 agencies have allocated all assigned capital plans. The amount of capital that has not been allocated in detail is about 3,100 billion VND, accounting for 1.34%. The amount of capital that has not been allocated in full belongs to 11 agencies.
Regarding disbursement progress, the Ministry of Finance said that the total disbursed capital of 29 agencies: VND 87,073 billion, reaching 37.59%, higher than the national average of 34.68%. Of which, 8 agencies disbursed above the national average (34.68%), 16 agencies disbursed low (10-34%), 5 agencies disbursed very low (below 10%).
The reasons for the slow allocation of capital plans and low disbursement rates of public investment capital of some ministries, branches and localities are: Slow completion of investment procedures; reduced demand compared to the assigned capital plan; difficulties in implementing national target programs; insufficient balance of local counterpart budget sources to assign capital plans for 2024; poor organization of site clearance and resettlement...
The Ministry of Planning and Investment is coordinating with relevant agencies to amend the Law on Public Investment in the direction of increasing decentralization, aiming to shorten the time for implementing procedures to adjust the medium-term public investment plan; synthesizing and reporting to competent authorities to adjust and reduce VND 5,251,476 billion (expected) of 6 agencies to supplement other ministries, agencies and localities in need.
Leaders of Thanh Hoa, Binh Dinh, Quang Tri, Quang Nam provinces... affirmed that they will make every effort to achieve the disbursement rate target set for 2024.
Concluding the meeting, the Deputy Prime Minister emphasized that it is necessary to have solutions to remove obstacles right from the stage of project preparation and investment policy approval, in order to thoroughly handle difficulties and inadequacies in disbursing public investment capital.
By mid-September 2024, ministries, branches and localities must report the results of reviewing and classifying public investment projects into groups being implemented with clear progress commitments and groups that cannot be implemented due to obstacles in mechanisms, policies and laws.
From there, propose to adjust the assigned capital plan or allocate more capital to projects with absorption capacity.
"Localities need to proactively carry out tasks within their authority and responsibility in the process of project preparation, appraisal, approval of investment policies, site clearance... only recommending adjustments and additions to the medium-term public investment plan for projects that have been approved for investment policies," the Deputy Prime Minister noted.
The Ministry of Planning and Investment considers adjusting and advancing central government capital to ensure the progress of inter-regional and climate change projects while localities have not yet arranged counterpart budgets.
