Slow site clearance and slow bidding make public investment disbursement 'slow' and ineffective

Implementing the Government's direction in Resolution No. 01/NQ-CP dated January 5, 2024 and the direction of Deputy Prime Minister Tran Luu Quang in Notice No. 196/TB-VPCP dated May 4, 2024, on May 21, 2024, the Ministry of Finance held a Conference with central ministries and branches on the disbursement of foreign-funded public investment capital in the first months of 2024 to remove obstacles and difficulties to promote disbursement.

According to reports from central ministries and branches and data from the TABMIS system, as of May 15, the disbursement rate of foreign capital public investment of ministries and branches reached 8.58% of the assigned capital plan. Of which, 2 ministries and branches have a disbursement rate of over 10% ( Ministry of Transport , Ministry of Agriculture and Rural Development), 8 ministries and branches have not yet disbursed the 2024 capital plan. It is expected that by the end of June 2024, the disbursement rate of ministries and branches can reach about 15-17%, at an average level compared to the same period of the years in the period 2021-2023.

Overview of the Conference. (Photo: DMS)

At the conference, the ministries discussed and identified the reasons for slow disbursement, including some of the main reasons such as: slow site clearance, slow bidding, technical design; the project must carry out procedures to adjust investment policies, adjust projects, loan agreements; slow receipt of non-objection from donors for documents, etc. In addition, in the first months of the year, a number of ministries and branches still focused on disbursing the 2023 capital plan.

To resolve the above situation, the conference agreed on a number of solutions such as closely monitoring progress, focusing on implementing projects that have completed investment preparation work; reviewing to concentrate capital on projects with good disbursement progress or needing to accelerate progress to complete on time; urgently handling site clearance problems and other problems within the scope of authority. For proposed solutions that exceed the handling authority of ministries and branches, it is necessary to promptly synthesize and report to competent authorities for consideration and resolution.

2024 is the fourth year of implementing the 5-year Socio -Economic Development Plan 2021 - 2025, a very important year in creating a breakthrough and positive change in implementing the goals of the Socio-Economic Development Plan and the Medium-Term Public Investment Plan for the period 2021 - 2025. Accelerating the implementation progress and disbursement of public investment capital is of great significance, contributing directly to promoting domestically produced goods, developing infrastructure, removing bottlenecks for development, helping to develop the economy quickly and sustainably.

Therefore, the Ministry of Finance and the ministries participating in the conference agreed to closely monitor and resolutely implement solutions to accelerate the disbursement of public investment capital, striving to achieve a disbursement rate of at least 95% of the capital plan as set in Resolution 01/NQ-CP.

Source: https://www.congluan.vn/vuong-giai-phong-mat-bang-cham-dau-thau-khien-giai-ngan-dau-tu-cong-cham-hieu-qua-post296329.html