Focus on implementing various solutions to accelerate the disbursement of public investment.

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

Focus on implementing various solutions to accelerate the disbursement of public investment.

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

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

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

At the government press conference held that afternoon, Deputy Minister of Planning and Investment Tran Quoc Phuong stated that the difficulties and challenges in disbursing public investment capital from 2023 continued into this year. The biggest difficulty emerging in 2024 is the issue of common building materials for the construction of large projects, especially transportation projects. This issue is not only related to the Public Investment Law but also involves many other laws, particularly the law on minerals, the licensing of material mines, and the permission to sell common building materials for construction projects.

According to the State Budget Law, there are still 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 the Prime Minister and the Government to issue decisions and resolutions to direct and promote the disbursement of public investment capital.

Listing some key solutions from now until the end of the year, Deputy Minister Tran Quoc Phuong said that, firstly, they will continue to implement the solutions that have been proposed and issued by the Government and the Prime Minister, with an emphasis on solutions for urging and directing implementation.

The Prime Minister has directed the establishment of 7 Government Task Forces, headed by Deputy Prime Ministers and the Ministers of Finance and Planning and Investment, to oversee disbursement. This is coupled with a mechanism where Government members work with localities, assigning specific localities to oversee the disbursement of public investment funds. Both of these mechanisms are still in operation, and the members are very actively working with the localities.

The second group of solutions concerns implementation. Stating that the primary responsibility for this group of solutions lies with ministries, sectors, and localities, Deputy Minister Tran Quoc Phuong noted that during the disbursement of public investment capital, procedures such as counting and verifying work volume, and procedures related to settlement documents, etc., should be carried out promptly by project owners to disburse the remaining capital in the plan, which is still largely unspent, in order to achieve the set goals.

The third group of solutions concerns overcoming difficulties. Besides the usual material difficulties, some projects face other challenges, such as procedural issues, particularly those related to project adjustments.

With the end of the year approaching, Deputy Minister Tran Quoc Phuong noted that any projects currently undergoing adjustment procedures must be completed immediately to allow for continued implementation; otherwise, delays will occur. Regarding the procedures for adjusting plans, the law has decentralized a great deal of authority, and ministries, sectors, and localities must immediately review their capital plans to make appropriate adjustments. "Wherever there are slow disbursement issues in projects, adjustments can be made to projects with good disbursement rates to fully utilize the total capital allocated in the plan by the Prime Minister," the Deputy Minister said.

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

Emphasizing that the breakthrough solution lies in institutions, Deputy Minister Tran Quoc Phuong stated that the draft Law on Public Investment (amended) and the draft Law 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 method, and the Law on Bidding have been submitted to the National Assembly at the ongoing 8th session.

“These institutional breakthroughs this year have not yet taken effect and require the law to come into force. Hopefully, it will come into effect next year, thereby resolving some outstanding issues. We have also reported to the Government to submit to the competent authorities for approval for projects that still have legal obstacles, especially transitional BT projects. We will compile, research, and review them to categorize the projects and submit a resolution to the National Assembly to resolve them,” Mr. Phuong said.

In the coming year, the Ministry of Planning and Investment will coordinate with other ministries and agencies to urgently review and report to the Government and the Prime Minister to resolve these obstacles.

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