29 ministries, sectors and localities, but only 8 units disbursed above the national average.

Deputy Prime Minister Tran Hong Ha - Photo: VGP

On the morning of 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.

Slow capital allocation due to slow completion of procedures

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 231,667 billion VND. The detailed allocated capital is about 228,567 billion VND, 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 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 rate of public investment capital are due to slow completion of investment procedures; reduced demand compared to the assigned capital plan; and slow adjustment of the medium-term public investment plan for the 2021-2025 period.

Along with that are 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.

Many opinions suggest that it is necessary to increase human resources, promote propaganda, mobilization, inventory and construction progress of resettlement areas, and promptly hand over the site for the project. Improve the quality of investment preparation, closely follow the processing process of specialized agencies to promptly explain and complete documents according to regulations.

The Ministry of Planning and Investment is coordinating with relevant agencies to amend the Law on Public Investment in the direction of increasing decentralization and shortening the time for carrying out procedures. Adjusting and reducing 5,251,476 billion VND (expected) of 6 agencies to supplement other ministries, agencies and localities in need.

The Ministry of Planning and Investment also requested ministries, branches and localities to review the disbursement progress according to the assigned capital plan, proactively handle issues within their authority; coordinate with specialized agencies to review and resolve difficulties and problems.

Resolve problems right from the preparation and approval stages

In conclusion, the Deputy Prime Minister said that it is necessary to have solutions to remove obstacles right from the project preparation and investment policy approval stages 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.

Therefore, Mr. Ha suggested that localities should proactively carry out tasks within their authority and responsibility in the process of project preparation, appraisal, approval of investment policies, site clearance, etc. Propose adjustments and additions to the medium-term public investment plan for projects that have been approved for investment policies.

The Ministry of Planning and Investment considers adjusting and advancing central government capital to ensure the progress of implementing inter-regional and climate change projects while localities have not yet arranged counterpart budgets.

The Deputy Prime Minister also gave his opinion on issues related to the use of loans from international organizations; handling legal problems between investment and construction; ensuring construction materials for projects, etc.

Source: https://tuoitre.vn/29-bo-nganh-dia-phuong-ma-chi-8-don-vi-giai-ngan-tren-muc-trung-binh-ca-nuoc-20240830141256218.htm