Focus on promoting disbursement of public investment capital, strictly managing investment

Phạm Đông |

On November 15, Party Central Committee member and Deputy Prime Minister Ho Duc Phoc chaired a meeting of working groups No. 4 and No. 7 on inspection, urging, removing difficulties and obstacles, and promoting disbursement of public investment capital in 2024.

At the meeting, the Deputy Prime Minister noted that disbursement of public investment capital is actually the responsibility of each person, not the need for urging; if legal regulations are overlapping and complicated, it cannot be done even if urged.

With the requirement of the recent 10th Central Conference on how to promote the economy as quickly as possible, use resources most effectively, and avoid resource stagnation, the Government has proposed amending the following laws: Law on Public Investment, Law on Planning, the Ministry of Finance has developed 1 law amending 7 laws, the Ministry of Planning and Investment has been assigned to preside over 1 law amending 4 laws.

"We really hope that after the National Assembly passes the law, the regulations will be issued, and our work will be more convenient," said the Deputy Prime Minister, citing the Law on Public Investment with many new amendments such as assigning local authorities to do and take responsibility.

After the investment capital is submitted by ministries, branches and localities, the list will be handed over to the locality for decision and adjustment from one project to another, without having to submit it to higher levels, as long as it does not exceed the total capital allocated to the locality. The target program capital will also be renewed in that direction. This way, it will not take much time, the project will be completed soon and will be effective.

According to the Deputy Prime Minister, unfinished projects will lead to many consequences: contractors will be weakened, unable to pay the volume, and the quality of the project will gradually decline. If the project involves technology, if the time is prolonged, the technology will become outdated, not meeting the requirements, and waste will be present.

Taking the example of the highway project, the Deputy Prime Minister said that chasing quantity without strictly controlling quality, leading to subsidence and collapse, will have very serious consequences, such as the Da Nang - Quang Ngai highway invested by VEC, which had to "pay the price". When handing over to the locality, it must be carefully calculated.

“If you give the consultant a free hand, if the road collapses, sinks, or breaks the next day, you will have to take responsibility. Therefore, you must calculate from the design stage, what vehicles can use that road, and how much force it can bear?” The Deputy Prime Minister emphasized and requested that we must consider the long-term vision to ensure the longevity of the project.

Requiring mountainous provinces to rebalance their total budget revenue, especially land use fees, to make correct commitments to the Government, the Deputy Prime Minister noted that if not, they must immediately hold a meeting with the People's Committee and People's Council, requesting the Government to arrange additional capital for the medium-term program so that the project can be effective, avoiding leaving it unfinished due to lack of capital, leading to failure to finalize, with the lesson from the Viet Duc Hospital and Bach Mai Hospital 2 project in Ha Nam being an example.

“We must focus on speeding up the progress and managing very well. We must balance the budget and revenue sources. We must not commit to work that later no one can handle, which is very tiring,” the Deputy Prime Minister emphasized.

The Government leader also noted that with only 45 days left until the end of 2024, the disbursement rate is very low, with central ministries and branches only receiving 36.09%, and localities receiving 52.19%. To disburse 95% of the committed capital, great efforts must be made, the volume must be worked day and night, and procedures must be timely.

We must focus on accelerating the disbursement of public investment capital from now until the end of the year, strictly manage investment, the most dangerous is violations in the volume and quality of works, this is the cause of losses. Focus on removing obstacles, ministries and branches must promptly respond to local requirements; complete the volume before December 31, 2024.

Phạm Đông
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