Can Tho Chairman directs to accelerate disbursement of public investment capital in 2024

The Chairman of the People's Committee of Can Tho City directed to ensure strict and timely capital allocation, compliance with regulations and strive for the City's overall disbursement rate in 2024 to reach over 95% of the assigned capital plan.

Chairman of Can Tho City People's Committee Tran Viet Truong has just signed and issued Official Dispatch No. 1166/UBND-XDDT on focusing resources to accelerate the allocation and disbursement of public investment capital in 2024.

Accordingly, the Chairman of the People's Committee of Can Tho City requested the Directors of Departments; Heads of agencies, departments and branches of the city; Secretaries, Chairmen of People's Councils, Chairmen of People's Committees of districts/towns, within the scope of their functions and tasks prescribed by law, to urgently review, thoroughly grasp and effectively implement the Prime Minister 's instructions, speed up the allocation and disbursement of public investment capital in 2024, ensure that capital allocation is tight, timely, in compliance with regulations and strive for the city's overall disbursement rate to reach the highest rate (over 95%) of the assigned capital plan (by the end of the 2024 budget year).

Tran Hoang Na Bridge across Can Tho River, connecting Ninh Kieu and Cai Rang districts, will be put into use before the April 30, 2024 holiday. Photo: Nguyen Van Duong

During the implementation process, Heads at all levels and sectors shall strengthen inspection work, closely coordinate, promptly remove obstacles and bottlenecks in mechanisms and policies (if any), investment procedures, capital allocation, payment, disbursement, construction sites, etc., contents beyond their authority, with specific reports and proposals, and submit them to competent authorities for timely consideration and resolution.

Heads of units assigned to be investors/project owners, project managers, are fully responsible to the City Party Committee, People's Council, City People's Committee, and Chairman of the City People's Committee for the disbursement results of their units.

The head of the People's Committee of Can Tho City assigned the Director of the Department of Planning and Investment to preside over and coordinate with the Department of Finance, the State Treasury of Can Tho City and relevant units to research and advise the City People's Committee to implement tasks and solutions to accelerate the allocation and disbursement of public investment capital in 2024 in the city within its authority, promote positive aspects, promptly rectify shortcomings and limitations in the past, and report to central ministries and branches according to regulations.

According to data reported by the State Treasury of Can Tho City, as of March 25, 2024, the city's disbursement rate reached 15.64% of the plan assigned by the Prime Minister and 18.5% of the plan assigned by the City People's Council (higher than the national average disbursement rate).

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