Binh Thuan focuses on promoting disbursement of public investment capital

Promoting disbursement of public investment capital is identified by Binh Thuan province as one of the key political tasks of 2023, thereby promoting growth and successfully completing socio-economic development goals in the locality.

According to the Prime Minister's Decision and the Resolution of the Provincial People's Council, the total public investment capital plan for 2023 in Binh Thuan is 4,868,977 million VND. Immediately after the announcement, the Provincial People's Committee allocated capital in accordance with the provisions of the Law on Public Investment, the decisions of the Prime Minister, the Ministry of Planning and Investment , the guiding documents of the ministries, central branches as well as the Resolution of the Provincial People's Council assigned to departments, branches, localities, and investors to implement. At the same time, the allocation of public investment capital in 2023 is ensured to be concentrated, not dispersed, spread out, and the capital plan is only assigned to cases where the project has completed the investment procedures approved by the competent authority.

*The disbursement of public investment capital continues to be focused on by localities this year. (Illustration photo)*

In addition, the province also focuses on prioritizing capital allocation to accelerate the completion progress, promote the effectiveness of important projects or connecting projects, have inter-regional impacts and are meaningful in promoting rapid and sustainable socio -economic development. In the past, Binh Thuan also allocated sufficient capital for projects that have been approved for final settlement and transitional cases, completed within the year to promote investment efficiency. Or arrange counterpart capital for projects using ODA capital and preferential loans from foreign donors according to the approved progress, capital to repay the principal of ODA projects, etc.

After allocating sufficient capital for the above tasks, the remaining capital will be allocated for newly started projects that have investment project approval decisions. Priority will be given to projects of inter-regional nature, urgent transportation and irrigation, natural disaster prevention, coastal erosion control, domestic water supply, healthcare, education, etc.

As of May 12, 2023, the disbursement of public investment capital in Binh Thuan was VND 1,263,930 million, reaching 25.96% of the plan assigned by the Government at the beginning of the year and reaching more than 35% of the assigned capital plan, higher than the average disbursement rate of the whole country (4.54%). It is estimated that by June 30, 2023, the disbursement rate of local public investment capital will reach 48.42% of the plan. Of which: Domestic capital for basic construction, domestic central budget capital, capital from land use revenue of the provincial and district blocks all exceeded the plan by more than 50%... For 8 key projects of the province (with a total capital plan this year of VND 360,150 million), the estimated disbursement by June 30, 2023 will reach 20.46% of the plan.

From now until the end of 2023, Binh Thuan will continue to accelerate the implementation progress and disbursement of the assigned capital plan to achieve high results, and soon put the projects into use to promote investment efficiency. Accordingly, the Provincial People's Committee has just directed departments, branches, localities, and investors to implement a number of related contents such as proactively developing monthly and quarterly disbursement plans, issuing solutions, and focusing on capital disbursement progress. Assigning leaders to be responsible for monitoring the implementation progress and disbursement of each project, linking the responsibilities of leaders, organizations, and individuals with the disbursement results of each assigned project...

For new projects starting in 2023, construction bidding must be urgently carried out, with the implementation time set for June at the latest, to promptly start construction and disburse the allocated capital plan. As for ODA projects, investors must proactively work with central agencies and sponsors to promptly resolve difficulties and obstacles in procedural documents and coordinate with relevant departments, branches and localities to focus on compensation and site clearance. Thereby, contributing to speeding up the construction progress to promptly disburse all allocated capital plans...

According to the request of the Provincial People's Committee, in case the project is stuck in site clearance, the investor must actively and proactively coordinate with relevant departments, People's Committees of districts, towns and cities to speed up the inventory work, determine the legality, and apply compensation prices to organizations and individuals to promptly hand over the site and speed up the construction progress of the project...

Source