End the practice of "returning" public investment capital

While the economy is "thirsty for capital", the situation of ministries, branches and localities proposing to adjust down the public investment capital plan for 2023 because they cannot disburse all the allocated capital continues to occur.

Illustration photo.

Statistics up to July 2023, the total capital "returned" to transfer to ministries, branches and localities in need is up to more than 7,000 billion VND, including 5,500 billion VND of domestic capital and more than 1,500 billion VND of foreign capital. This is the capital that has been assigned by the Prime Minister but ministries, branches and localities have not fully allocated the plan or have fully allocated but cannot fully disburse.

On the contrary, two central agencies and 10 localities proposed to supplement the 2023 capital investment plan by more than VND 5,000 billion (more than VND 4,800 billion of domestic capital and more than VND 200 billion of foreign capital). Thus, the amount of capital requested to be "returned" without an allocation address is still about VND 2,000 billion, creating more pressure on the management and use of public investment capital in the context of slow disbursement progress, having money but not being able to spend it.

On a positive note, public investment disbursement in the first seven months of 2023 has improved compared to the same period last year, with results reaching higher levels both in absolute numbers and in the disbursement rate over the total capital plan assigned. However, overall, the disbursement rate only reached 37.85% of the plan assigned by the Prime Minister.

According to People's Newspaper

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Source: http://www.baohoabinh.com.vn/12/181225/Cham-dut-tinh-trang-tra-lai-von-dau-tu-cong.htm