The Ministry of Finance said that the estimated disbursement of public investment capital from the beginning of the year to February 28, 2025 is VND 60,423.8 billion, reaching 6.9% of the plan, reaching 7.32% of the plan assigned by the Prime Minister.
The Ministry of Finance has just issued document no. 2098/BTC-DT Report to the Prime Minister on the disbursement of state budget investment capital in January, estimated 2 months of the 2025 plan.
According to the report, regarding the disbursement of the 2025 plan, the cumulative disbursement from the beginning of the year to January 31, 2025 was VND 31,849.9 billion, reaching 3.64% of the plan (VND 875,887.1 billion), reaching 3.86% of the plan assigned by the Prime Minister. Of which, the national target program is VND 1,468.2 billion (reaching 6.69% of the plan assigned by the Prime Minister).
Estimated disbursement from the beginning of the year to February 28, 2025 is VND 60,423.8 billion, reaching 6.9% of the plan, reaching 7.32% of the plan assigned by the Prime Minister (in the same period of 2024, it reached 7.7% of the plan and reached 8.07% of the plan assigned by the Prime Minister). Of which, the national target program is VND 2,695.8 billion (reaching 12.27% of the plan assigned by the Prime Minister).
Commenting on the disbursement of capital plans, the Ministry of Finance said that the estimated disbursement of local budget capital reached 8.58% of the plan assigned by the Prime Minister, equivalent to 8.36% in the same period in 2024. However, central budget capital reached 5.6% of the plan assigned by the Prime Minister, lower than the same period in 2024 at 7.52%.
37/63 localities estimated disbursement compared to the total plan above the national average.
As a result, in the first 2 months of 2025, 4/47 ministries, central agencies and 37/63 localities had an estimated disbursement rate compared to the total plan above the national average. Some ministries, central agencies and localities with good disbursement rates include: Voice of Vietnam (73.82%), Vietnam Bank for Social Policies (41.16%), Ministry of Public Security (12.67%), Hue City (22.97%), Tien Giang (27.62%), Vinh Phuc (21.49%), Tuyen Quang (21.26%), Hoa Binh (20.95%).
However, in the first months of the year, most ministries, central and local agencies have not disbursed (27 ministries, central agencies) or disbursed low amounts (26 ministries, central and local agencies disbursed less than 5%).
Some difficulties affecting the disbursement progress of projects
The failure to allocate a relatively large amount of capital has affected the disbursement rate of public investment capital from the State budget in the first months of 2025 (as of the reporting time, there was about 77,635.9 billion VND, accounting for 9.42% of the plan assigned by the Prime Minister); in which, the majority of the unallocated capital is expected to be allocated to projects that are completing investment procedures.
Some other difficulties and problems in the implementation: Compensation and support for site clearance to serve the construction of projects are still slow due to problems such as not reaching an agreement with the people on site clearance, slow handover of the site; determining the origin of the land of households is difficult due to multiple transfers, which takes time; the supply of some raw materials is limited (soil, sand, etc.); the price of many raw materials has increased dramatically compared to the time of bidding, increasing project costs;...
Urgently complete detailed capital plan allocation before March 31, 2025
To ensure that the disbursement rate of public investment capital in 2025 reaches the target of over 95% of the plan assigned by the Prime Minister, the Ministry of Finance proposes to implement a number of key recommendations and solutions as follows:
Regarding the progress of detailed allocation of capital plan for 2025: The Ministry of Finance requests ministries, central and local agencies to urgently complete the detailed allocation of capital plan for tasks and projects before March 31, 2025; actively implement tasks to accelerate the disbursement progress of the 2025 State budget investment plan according to the direction of the Prime Minister in Official Dispatch No. 16/CD-TTg dated February 18, 2025.
After March 31, 2025, the Ministry of Finance will report to the competent authority to reduce and transfer to ministries, central and local agencies that need to supplement the 2025 capital plan to arrange for important and urgent projects, strategic infrastructure projects with disbursement capacity (including projects under the direction of the Prime Minister in Notice No. 23/TB-VPCP dated January 20, 2025 on the issuance of Government Bonds for investment in key national projects).
Regarding capital allocation for important national projects, expressway, inter-regional and coastal road projects: The total central budget capital allocated by the Ministry of Transport for important national projects and expressway projects is VND 48,809 billion, reaching 101.14% of the minimum capital required to be allocated, which is VND 48,260 billion. However, the total central budget capital allocated by localities for this group of projects is VND 68,156.06 billion, not reaching the minimum capital required to be allocated, which is VND 84,063.3 billion. It is recommended that localities review and ensure sufficient allocation of minimum capital for important national projects, expressway, inter-regional and coastal road projects in accordance with the provisions of Decision No. 1508/QD-TTg dated December 4, 2024 of the Prime Minister.
Ministries, central and local agencies are requested to propose the need to extend the implementation period and disbursement of the central budget capital investment plan in 2024 to 2025 and send it to the Ministry of Finance for synthesis and reporting to the Prime Minister within the time limit prescribed in Official Dispatch No. 1078/BKHĐT-TH dated February 14, 2025 of the Ministry of Planning and Investment on reviewing and proposing to extend the implementation period and disbursement of the central budget capital public investment plan in 2024 to 2025.
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