Prime Minister directs to accelerate disbursement of public investment capital

Prime Minister Pham Minh Chinh has just signed and issued Official Dispatch No. 24/CD-TTg dated March 22, 2024 on accelerating the allocation and disbursement of public investment capital in 2024.

Telegram sent to Ministers, Heads of ministerial-level agencies, Government agencies; Heads of other central agencies; Chairmen of People's Committees of provinces and centrally run cities, stating:

In the first months of 2024, the Government and the Prime Minister have directed the allocation and disbursement of public investment capital plans, and ministries, branches, central agencies and localities have made many efforts. By the end of February 2024, the detailed allocation of the 2024 public investment capital plan reached 94.9% of the plan; disbursement is estimated at 9.13% of the plan, higher than the same period in 2023 (6.97%). However, the amount of capital not yet allocated in detail is still quite large (about 33 trillion VND) of 21 ministries, central agencies and 43 localities; 40 ministries, central agencies and 26 localities have a disbursement rate in the first 2 months of the year below the national average, of which 29 ministries and central agencies have not yet disbursed the 2024 plan (disbursement rate 0%).

In the coming time, the world situation is forecast to continue to develop in a complex and unpredictable manner. Domestically, there are opportunities, advantages, difficulties and challenges intertwined, but the latter are more difficult and challenging. In that context, promoting the allocation and disbursement of public investment capital is both urgent and strategic, and is a key task to contribute to promoting growth, stabilizing the macro-economy, ensuring major balances of the economy, and successfully implementing the socio-economic development goals and targets for 2024 assigned by the Central Government and the National Assembly.

In order to strive to achieve the highest results in disbursing public investment capital in 2024 (over 95% of the plan assigned by the Prime Minister), the Prime Minister requested Ministers, Heads of ministerial-level agencies, Government agencies, other central agencies, Chairmen of People's Committees of provinces and centrally run cities to promote responsibility, focus on directing, leading, and implementing more drastically, synchronously, promptly, and effectively the following key tasks and solutions:

1. Thoroughly grasp and strictly implement the Party's guidelines and policies, the State's laws and policies, raise awareness of all levels and sectors about the role and significance of public investment for socio-economic development; identify public investment disbursement as one of the top important political tasks, which must be focused on and prioritized in leadership, direction and implementation. Ministers, heads of ministerial-level agencies, government agencies, other central agencies, Chairmen of People's Committees of provinces and centrally run cities are fully responsible to the Government and the Prime Minister for directing the synchronous and effective implementation of the tasks and solutions set out in Resolution No. 01/NQ-CP dated January 5, 2024 on key tasks and solutions to implement the socio-economic development plan and state budget estimates for 2024; Resolutions of the Government's regular meetings; the directions of the Government Leaders in Decision No. 1603/QD-TTg dated December 11, 2023 on assigning the state budget investment plan for 2024; Document No. 380/VPCP-KTTH dated January 17, 2024 on allocating and disbursing the central budget capital plan for 2024 and related documents.

2. Ministries, central and local agencies:

a) Urgently allocate the detailed state budget capital investment plan for 2024 in accordance with regulations, without further delay; the detailed allocation of the capital plan must ensure focus, key points, not spread out, consistent with the implementation and disbursement capacity and in accordance with legal regulations on public investment. Urgently propose a solution for the remaining central budget capital plan for 2024 that has not been allocated in detail, send it to the Ministry of Planning and Investment, the Ministry of Finance and update it on the national information system on public investment in accordance with Resolution No. 28/NQ-CP dated March 5, 2024 of the Government.

b) Focus on implementing flexible, creative, timely and effective measures and solutions to drastically promote the implementation and disbursement of public investment capital, 03 National Target Programs; speed up the progress of implementing key and important national projects, highways, inter-regional projects with spillover effects, etc. Accelerating the progress of disbursement of public investment capital must be associated with ensuring the quality of projects and works, avoiding negativity, loss and waste.

c) Develop a detailed disbursement plan for each project and strictly adhere to the disbursement plan for each month and quarter. Focus on accelerating site clearance and construction progress, removing difficulties and obstacles related to land and resources, etc. Strengthen field inspection and supervision, urge contractors and consultants to speed up progress. Proactively review and transfer capital according to authority between slow-disbursement projects to projects with better disbursement capacity and lacking capital according to regulations. Assign specific leaders responsible for monitoring the implementation progress; closely follow up, promptly remove difficulties and take responsibility for the disbursement results of each project; consider public investment disbursement results as an important basis when evaluating and classifying the level of completion of assigned tasks annually by heads of agencies, units and related collectives and individuals.

d) Resolutely and proactively handle and resolve obstacles and difficulties in a timely and effective manner according to assigned functions, tasks and authorities; implement a mechanism for assigning tasks, assigning responsibilities, and coordinating clearly and specifically on authority and responsibility among agencies and units in completing project investment procedures. Continue to promote and improve the effectiveness of the Special Working Group on Public Investment Disbursement headed by the Chairman of the Provincial People's Committee.

d) Strengthen discipline and order in disbursing public investment capital; have strict sanctions according to regulations for investors, project management boards, organizations and individuals who intentionally delay the progress of capital allocation, implementation and disbursement of public investment capital; promptly replace cadres, civil servants and public employees who are weak in capacity, slow, cause harassment and trouble, resolutely handle negative and corrupt behaviors in public investment management.

3. Ministry of Planning and Investment

a) Preside over and coordinate with the Ministry of Finance and relevant ministries, agencies and localities, based on the direction at Point 5, Section II of Resolution No. 28/NQ-CP dated March 5, 2024 of the Government on the regular Government meeting in February 2024, to urgently review and synthesize the need to adjust the 2024 central budget capital plan that has not been allocated in detail by ministries, central agencies and localities, and submit it to the Prime Minister in March 2024 before reporting to competent authorities in accordance with regulations.

b) Take the lead and coordinate with the Ministry of Finance and relevant ministries, agencies and localities to urgently review, synthesize and report to the Prime Minister in March 2024 on extending the time for allocating central budget capital for projects assigned to the medium-term public investment capital plan for the period 2021-2025 in accordance with the direction at Point a, Section 3 of Directive No. 06/CT-TTg dated February 15, 2024 of the Prime Minister.

c) Coordinate with the Ministry of Finance to closely monitor the disbursement progress of ministries, central and local agencies, promptly report to the Prime Minister every month to issue flexible, drastic and effective management solutions, close to the practical situation to complete the target of disbursing public investment capital in 2024. Publicly announce on the Government's Electronic Information Portal, the Electronic Information Portal of the Ministry of Planning and Investment and on mass media the monthly disbursement results of ministries, central and local agencies; propose the Government and the Prime Minister to commend ministries, agencies and localities with good disbursement, and criticize ministries, agencies and localities with slow disbursement at regular monthly Government meetings.

d) Continue to review legal regulations related to public investment to consider amendments and supplements according to authority or report and propose to competent authorities for amendments and supplements to promote the allocation and disbursement of public investment projects and ensure effective use of capital.

4. Ministry of Finance

a) Direct the State Treasury to promptly make payments for completed volumes, promote payments via the State Treasury's online public services to save time and travel expenses for investors, and publicly and transparently process documents at the payment control agency; direct functional units to ensure payment sources for projects; promptly handle problems related to payment, settlement, negotiation, signing of agreements, and withdrawal of capital from sponsors; promptly review and approve annual state budget public investment plan capital on Tabmis in accordance with regulations.

b) Closely and promptly coordinate with the Ministry of Planning and Investment in reviewing, synthesizing, assigning, and adjusting the central budget investment plan for 2024; ensuring the correct time according to the Government's Working Regulations.

5. Ministries and agencies in charge of national target programs (Ministry of Agriculture and Rural Development, Ministry of Labor - Invalids and Social Affairs, Committee for Ethnic Minorities) review difficulties, problems and recommendations of ministries, branches and localities in the process of allocating and disbursing capital of the 03 national target programs to coordinate with the Ministry of Planning and Investment, Ministry of Finance and relevant agencies to handle according to regulations; promptly report to competent authorities on matters beyond their authority.

6. The Prime Minister's Working Groups established under Decision No. 235/QD-TTg dated March 14, 2023 and the working delegations of Government members under Decision No. 435/QD-TTg dated April 24, 2023 shall continue to improve operational efficiency, proactively strengthen inspection and supervision, promptly remove difficulties and obstacles, and promote disbursement of public investment capital in 2024.

7. The Government Office monitors and urges according to assigned functions, tasks and authorities; reports to the Prime Minister on issues beyond its authority.

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