After 8 months, nearly 60% of planned capital has not been disbursed yet.

After 8 months, nearly 60% of planned capital has not been disbursed yet.

By the end of August 2024, it is estimated that VND 274,501 billion of public investment capital has been disbursed, reaching 40.49% of the plan assigned by the Prime Minister. Thus, about 50.5% of the planned capital has not been disbursed and needs to be focused on promoting.

There are still 34 ministries and 23 localities with low disbursement.

Citing data from the Ministry of Finance, the Ministry of Planning and Investment said that the estimated payment of public investment capital from the beginning of the year to the end of August 2024 was more than VND 274,501 billion, reaching 40.49% of the plan assigned by the Prime Minister, lower than the disbursement level of 42.35% of the same period last year.

Of which, domestic capital is over VND 270,469 billion (reaching 41.11% of the plan assigned by the Prime Minister), foreign capital is over VND 4,031.4 billion (reaching 20.16% of the plan assigned by the Prime Minister). Of this, capital from the Socio-Economic Recovery and Development Program alone reached over VND 4,931 billion, reaching 79.32% of the plan assigned by the Prime Minister. Disbursed capital from national target programs is VND 13,812 billion, reaching 50.74% of the plan assigned by the Prime Minister.

Although this disbursement rate has not met expectations, it also reflects the general trend of public investment disbursement in recent years, which is often slower in the first months of the year and accelerated in the last months of the year.

However, it must be seen that the pressure to disburse public investment capital in the last months of the year is very large. Because with the disbursement rate of 8 months only reaching nearly 40.5%, there is still 50.5% of the planned capital that needs to be focused on disbursing. Even if the Government's target is to disburse 95%, this is still a rather heavy task.

Since the beginning of the year, the Government has held many conferences to remove obstacles and promote disbursement of public investment capital.

The report of the Ministry of Planning and Investment also said that in 8 months, there were 9 ministries, central agencies and 32 localities with high disbursement rates (over 45% of the plan assigned by the Prime Minister). However, there were still 34 ministries, central agencies and 23 localities with disbursement rates below the national average (40.49%).

According to the Ministry of Planning and Investment, the average disbursement rate of the local sector is lower than the national average, including a number of localities whose planned capital for 2024 is assigned to account for a large proportion of the total state budget investment plan for 2024 but have a low disbursement rate, greatly affecting the overall disbursement rate of the whole country.

Notably, Ho Chi Minh City, the country's economic locomotive, was assigned a capital plan of VND79,300 billion in 2024, but the estimated disbursement in the first 8 months of the year only reached VND13,142 billion. Thus, compared to the same period in 2023, the disbursed capital in the first 8 months of Ho Chi Minh City decreased by about VND6,600 billion.

Similarly, Hai Phong was assigned a capital plan of 17,000 billion VND in 2024, but the estimated disbursement in the first 8 months of the year was 7,800 billion VND, a decrease of about 2,400 billion VND compared to the same period.

Binh Duong, Bac Ninh, Quang Ngai, Binh Phuoc, and Quang Ninh are also localities in this category. The planned capital for 2024 is large but the disbursement is lower than the same period last year.

The Ministry of Planning and Investment believes that if the above 8 localities maintain the amount of disbursed public investment capital equivalent to the amount of capital disbursed in the same period of 2023 of that locality, the total disbursed capital plan for 2024 in the first 8 months of the year will be about 15,600 billion VND higher.

Not fully allocated, quickly transfer capital

Not only has the disbursed capital not met expectations, but by the end of August 2024, there is still a significant amount of capital that has not been allocated in detail.

Specifically, by August 31, 2024, ministries, central and local agencies had allocated and assigned detailed capital investment plans for 2024 of more than VND 651,419 billion, reaching 96.1% of the plan assigned by the Prime Minister. That is, there are still more than VND 26,524 billion that have not been allocated in detail.

A report from the Ministry of Planning and Investment shows that, of this, more than VND9,135 billion has been proposed for reduction by ministries, branches and localities (including VND8,001 billion of domestic capital and VND1,133 billion of foreign capital).

Currently, the Ministry of Planning and Investment is reporting to transfer this capital to supplement the corresponding important national projects, key projects, expressway projects, key projects with spillover, connectivity, and regional linkages that are meaningful in promoting rapid and sustainable socio-economic development. as well as projects that have not been allocated a central budget investment plan in 2024, and need additional capital to ensure project implementation progress...

In addition, the Ministry of Planning and Investment has also submitted to the Government permission for ministries, branches and localities to continue allocating the 2024 capital plan to new tasks and projects decided by the Prime Minister to adjust the medium-term public investment plan for the period 2021 - 2025.

Along with urging detailed allocation and capital transfer, the Ministry of Planning and Investment has also recommended that the Government direct ministries, branches and localities to speed up the disbursement of public investment capital.

Accordingly, many solutions have been proposed, such as considering launching a 120-day and night movement to strengthen and accelerate the disbursement of public investment capital in 2024, striving to complete the disbursement target of over 95% of the plan assigned by the Prime Minister.

In addition, ministries, branches and localities with disbursement levels below the national average should focus on directing, urging and promoting disbursement of public investment capital.

At the same time, speed up the progress of site clearance, review the progress of disbursement according to the assigned capital plan, proactively handle issues within the authority; coordinate with specialized agencies to review and resolve difficulties and problems.

“It is necessary to improve the quality of project investment preparation, closely follow the processing process of specialized agencies to promptly explain and complete documents according to regulations, overcome the situation of “capital waiting for projects”, prepare the best conditions to implement the 2025 public investment plan immediately after being assigned the capital plan by competent authorities”, the Ministry of Planning and Investment emphasized.

Source: https://baodautu.vn/8-thang-van-con-gan-60-von-ke-hoach-van-chua-duoc-giai-ngan-d224320.html