Focus on implementing many solutions to promote public investment disbursement

Disbursement of public investment capital has so far only reached over 52%, far from the target of 95% in 2024. The Ministry of Planning and Investment has advised many solutions for the Prime Minister and the Government to solve this problem.

Disbursement of public investment capital has so far only reached over 52%, far from the target of 95% in 2024. The Ministry of Planning and Investment has advised many solutions for the Prime Minister and the Government to solve this problem.

Deputy Minister of Planning and Investment Tran Quoc Phuong answers the press at the regular Government press conference on the afternoon of November 9. Photo: VGP

According to the report of the Ministry of Planning and Investment at the regular Government meeting on the morning of November 9, the disbursement of public investment capital has so far reached over 52%, about 4 percentage points lower than the figure of the same period last year (56.7%).

At the Government press conference on the same afternoon, Deputy Minister of Planning and Investment Tran Quoc Phuong said that the difficulties and challenges in disbursing public investment capital from 2023 will continue to this year. The biggest difficulty arising in 2024 is the issue of common materials for the construction of large projects, especially traffic projects. This issue is not only related to the Law on Public Investment but also involves many other laws to resolve, especially the law on minerals, licensing of material mines as well as the permission to sell common materials for construction projects.

According to the provisions of the State Budget Law, there are 3 months left to disburse the 2024 capital plan (until the end of January 2025). To achieve the target of disbursing 95% of the 2024 plan, the Ministry of Planning and Investment has advised many solutions for the Prime Minister and the Government to issue decisions and resolutions to direct the promotion of public investment disbursement.

Presenting a number of key solutions from now until the end of the year, Deputy Minister Tran Quoc Phuong said that the first is to continue implementing the solutions that have been proposed and issued by the Government and the Prime Minister, emphasizing the solution of urging and directing.

The Prime Minister has directed the establishment of 7 Government Working Groups headed by Deputy Prime Ministers and 2 Ministers of Finance and Planning and Investment to urge disbursement. In addition, the mechanism is that Government members work with localities, assigning localities to urge disbursement of public investment capital. These two mechanisms are still taking place and the members are also very active in working with localities.

The second group of solutions is implementation organization. Stating that this is a group of solutions whose main responsibility belongs to ministries, branches and localities, Deputy Minister Tran Quoc Phuong noted that in the process of disbursing public investment capital, disbursement procedures such as procedures for counting or accepting volume, procedures for payment and settlement records, etc., investors are requested to do it early and quickly to be able to disburse the amount of capital in the plan that is still very much pending in order to achieve the set goals.

The third group of solutions is about removing difficulties. In addition to difficulties in common materials, there are other difficulties for some projects such as procedures, especially procedures for project adjustment.

As the end of the year approaches, Deputy Minister Tran Quoc Phuong noted that any project that is in the process of adjustment procedures must be completed immediately to continue implementation, otherwise the progress will be delayed. Regarding the procedure for adjusting the plan, the law has decentralized a lot, ministries, branches and localities must immediately review their capital plans to be able to adjust accordingly. "Any project that is slow to disburse can be adjusted to projects with good disbursement to fully utilize the total capital in the plan assigned by the Prime Minister," said the Deputy Minister.

The final solution is to strengthen discipline and order in public investment, especially promoting the application of information technology to manage public investment work as quickly and effectively as possible.

Emphasizing the institutional breakthrough solution, Deputy Minister Tran Quoc Phuong said that the Draft Law on Public Investment (amended) and the Draft Law on amending and supplementing a number of articles of the Law on Planning, the Law on Investment, the Law on Investment under the public-private partnership model and the Law on Bidding have been submitted to the National Assembly at the ongoing 8th Session.

“These institutional breakthroughs have not yet taken effect this year and need to be legally effective. Hopefully, they will take effect next year, thereby resolving some of the remaining problems. We have also reported to the Government to submit to the competent authority for permission for projects with legal problems, especially transitional BT projects. We will synthesize, research, review to classify project types and submit to the National Assembly a resolution to resolve them,” said Mr. Phuong.

Next year, the Ministry of Planning and Investment will coordinate with ministries and branches to urgently review and report to the Government and Prime Minister to remove these obstacles.

Source: https://baodautu.vn/tap-trung-thuc-hien-nhieu-giai-phap-thuc-day-giai-ngan-dau-tu-cong-d229643.html