Many solutions to promote disbursement of public investment capital

The construction of the embankment to prevent landslides on Cai San canal, Vinh Thanh district is speeding up progress.

Reasonable distribution, promote disbursement

According to the Department of Finance of Can Tho City, implementing the direction of the Standing Committee of the City Party Committee in Official Dispatch No. 1244/CV-TU requesting to temporarily suspend the commencement of construction works, projects, repair and upgrade of headquarters and purchase of assets at agencies and administrative units at district and commune levels, as well as agencies and units subject to rearrangement and cessation of operations (except for the health and education sectors) and the request of a number of investors, the Department of Finance has Document No. 418/TTr-STC dated March 26, 2025 requesting the City People's Committee to assign detailed public investment capital plans for 2025. Accordingly, the city has a total public investment plan with state budget capital in 2025 assigned by the Prime Minister in Decision No. 1508/QD-TTg of VND 12,097,726 billion. Of which, local budget capital is 5,833.64 billion VND, central budget capital is 6,264.086 billion VND.

In early 2025, the City People's Committee issued decisions to assign detailed plans for public investment capital in 2025 of VND 10,443,354 billion, including: local budget VND 4,179,268 billion, central budget VND 6,264,086 billion. Some local budget sources (local budget balance capital, land use fees, excess lottery revenue) have not been assigned in detail; In addition, the city has recovered 410,161 billion VND of local budget revenue sources in 2023, and has advanced the capital plan for the project to upgrade and expand National Highway 91. After reviewing, after reserving the principal and interest payments of loans and other amounts according to regulations, the City Department of Finance proposed to continue to reallocate 213,588 billion VND of excess lottery revenue in 2023. Thus, the total local budget capital that has not been allocated in detail to date is 1,867.96 billion VND, from the local budget balance, land use fees, excess lottery revenue in 2023, and local government bonds.

According to Mr. Le Thanh Tam, Director of the Department of Finance of Can Tho City, after reviewing the above capital sources, the Department of Finance proposed to assign 853.460 billion VND in detail to projects preparing for investment, project planning, supplementing projects under construction and preparing for implementation... For the remaining local budget capital that has not been assigned in detail, which is 1,014.5 billion VND, such as the local government bond source of 884.5 billion VND will continue to be allocated when capital is mobilized; the local budget balance source of 130 billion VND, the Department of Finance has proposed to arrange for the Emergency anti-erosion embankment project on the left bank of the O Mon River (from the O Mon bridge to the Hau River, from opposite Rach Ranh to Tam Vu canal), Thoi Trinh B area, Thoi An ward, O Mon district... The project has begun to be implemented.

Increase accountability

In 2024, Can Tho City has assigned detailed public investment capital of VND 9,280.095 billion (an increase of VND 35 billion compared to the Prime Minister's decision from local budget capital sources of Can Tho City), including: local budget of VND 6,599.935 billion, central budget of VND 2,680.16 billion. The amount of local budget capital that has not been assigned in detail is VND 1,000 billion from local government bonds (due to the lack of capital mobilization). By the end of January 31, 2024, the whole city has disbursed VND 7,706.523 billion, reaching 74.97% of the total capital assigned by the City People's Council and reaching 75.22% of the plan assigned by the Prime Minister. The disbursement ratio compared to the detailed assigned capital reached 83.04% of the detailed capital plan assigned by the People's Council; Reached 83.36% of the detailed plan of the Prime Minister... According to the Department of Finance of Can Tho City, the city has requested departments, branches, People's Committees of districts and towns that have not yet disbursed public investment capital according to the plan in 2024 to seriously learn from experience and propose solutions to promote construction works in 2025, completing the disbursement of public investment capital according to the plan, over 95% of the total allocated capital.

Typically, the Can Tho City Construction Investment Project Management Board has a detailed public investment capital plan for 2024 of VND 2,756.454 billion to implement 19 projects (capital for preparing investment in 1 project; capital for implementing 18 projects). The disbursement result of the unit as of January 31, 2025 is VND 2,444.603 billion, reaching 88.69% of the assigned capital plan, of which 11 projects have a disbursement rate of less than 95%. The Ninh Kieu District People's Committee has a detailed public investment capital plan for 2024 of VND 893.119 billion (of which on November 14, 2024, the city assigned an additional VND 449.843 billion to the project of Renovation and expansion of 5 key intersections in Can Tho City, however, the project did not have time to disburse all of the additional capital). The disbursement result of the unit as of January 31, 2025 is 438,886/893,119 billion VND, reaching a rate of 49.25%. If not counting the 449,843 billion VND of the 2024 capital plan added on November 14, 2024, the value of public investment capital disbursement in 2024 of Ninh Kieu District People's Committee reaches 99%.

In the coming time, departments, branches, and investors will continue to complete procedural documents, submit to the city for approval of investment policy adjustments, and approve investment policies for projects such as the Can Tho City Western Belt Road Project (connecting National Highway 91 with National Highway 61C); Project to build an overpass at intersection No. 1 (Mau Than - 3/2 - Tran Hung Dao) and intersection No. 4 (Nguyen Van Linh - 3/2); new resettlement area projects. Continue to review and propose key new projects to start construction in the 2026-2030 period for early consideration and implementation direction; review and complete the medium-term public investment plan for the 2026-2030 period, submit to the City People's Council for comments (2nd time) according to the provisions of the Law on Public Investment...

Recently, at the meeting to listen to the report on the implementation of public investment tasks in 2025 and the responsibility in implementing the Public Investment Plan in 2024 and the period of 2021-2025, Mr. Truong Canh Tuyen highly appreciated the efforts of functional departments, branches, districts, investors of basic construction works and projects in 2024. For construction works and projects in 2024, the disbursement of investment capital is still slow and has not met the set plan, Chairman of the City People's Committee Truong Canh Tuyen requested investors to recognize their responsibilities, clearly state the shortcomings, limitations, and causes in order to learn from experience, propose solutions to promote basic construction work and disbursement of public investment capital to achieve high results in 2025. Chairman of the Can Tho City People's Committee emphasized that in 2025, the whole city is determined and determined to implement basic construction works and projects to achieve the capital disbursement rate over 95% according to the direction of the Prime Minister and Can Tho City Party Committee. In particular, sectors and levels focus on drastically implementing key projects in the area, focusing on compensation for damages, site clearance, and resettlement support for affected people, contributing to accelerating the progress of project implementation; regularly inspect, supervise, remove difficulties, and promptly disburse funds for projects; in particular, district-level projects and works need to be more drastic to accelerate the progress of implementation, disbursement to meet and exceed the set plan...

Article and photos: HA VAN

Source: https://baocantho.com.vn/nhieu-giai-phap-thuc-day-giai-ngan-von-dau-tu-cong-a185292.html