About 32,000 billion VND of planned capital for 2024 has not yet been allocated in detail.
As of the end of March 2024, about VND 32,000 billion out of the total of nearly VND 657,349 billion of planned capital for 2024 has not been allocated in detail.
The list of ministries, branches and localities that have not yet allocated 100% of the state budget investment plan in detail, as well as the detailed disbursement rate of ministries, branches and localities as of the end of March 2024, has been announced on the Electronic Information Portal of the Ministry of Planning and Investment .
Accordingly, the Ministry of Agriculture and Rural Development, Ministry of Health, Ministry of Culture - Sports and Tourism, provinces and cities of Ho Chi Minh City, Dong Nai, Can Tho, Soc Trang, Cao Bang, Lao Cai, Yen Bai , Thai Nguyen, Quang Nam... are all on this list.
According to data compiled by the Ministry of Planning and Investment, as of the end of March 2024, there were still about 32,000 billion VND out of the total of nearly 657,349 billion VND of planned capital for 2024 that had not been allocated in detail; of which, the central budget capital was 9,500 billion VND of 21/44 ministries, agencies and 24/63 localities, and the local budget balance capital was 22,500 billion VND of 25/63 localities.
Ministries, sectors and localities must promote the allocation and disbursement of public investment capital.
The reason why ministries, branches and localities have not yet allocated 100% of the state budget investment plan from the central budget in 2024 is mainly because of newly started projects that have not completed investment procedures according to regulations to be eligible for annual capital plan allocation.
In addition, there are a number of other reasons, such as transitional projects needing to report to the Prime Minister for permission to extend the capital allocation period as prescribed in Article 52 of the Law on Public Investment; capital allocated to projects under the three national target programs is facing difficulties in the implementation process.
At the same time, capital allocated to projects is being compiled and submitted to competent authorities for approval to adjust the medium-term public investment plan for the period 2021 - 2025. Or projects are being reviewed and adjusted for investment content according to regulations; projects under the Socio-Economic Recovery and Development Program no longer need to arrange capital plans for 2024, because capital has been arranged from the 2023 plan source extended to 2024 according to Resolution No. 110/2023/QH15 of the National Assembly...
In addition, foreign capital is not fully allocated because investment procedures have not been completed according to regulations; the project agreement is being submitted to competent authorities for permission to extend; or there are problems in equipment price appraisal, project bidding mechanism, etc.
The leader of the Ministry of Planning and Investment said: The Ministry is coordinating with the Ministry of Finance to report to the Prime Minister and the Government to submit to competent authorities to cut the central budget investment plan for 2024 for units that have not yet allocated details.
However, Minister of Planning and Investment Nguyen Chi Dung also said that the difficulty is partly due to the lack of sand for leveling the ground at many highway and key traffic projects, especially in the Mekong Delta and the Southern region, affecting the construction progress of the projects.
The licensing of new sand mines is still slow and facing many obstacles. This, along with other inherent difficulties such as slow site clearance, untimely investment procedures, and limited contractor capacity, will affect the speed of public investment disbursement this year.
According to Minister Nguyen Chi Dung, ministries, sectors and localities must accelerate the allocation and disbursement of public investment capital, identifying this as a key political task to promote economic growth. "It is necessary to promptly handle difficulties and obstacles in the supply of sand and stone... to speed up the progress of key, important national projects, airports, seaports, highways, inter-regional and inter-provincial projects, and energy infrastructure," Minister Nguyen Chi Dung emphasized.
In the first quarter of this year, public investment disbursement continued a positive trend, estimated at VND 89,874,751 billion, equal to 13.67% of the plan assigned by the Prime Minister, higher than the same period in 2023 in both relative terms (last year was 10.35%) and absolute terms (VND 16,500 billion higher).
However, in terms of disbursement rate, while 4 ministries, central agencies and 23 localities achieved high disbursement rates (over 20% of the plan assigned by the Prime Minister), there are still 38 ministries, central agencies and 26 localities with public investment disbursement rates below the national average. In fact, 15 ministries and central agencies have a disbursement rate of 0%, even though 1/4 of the way to 2024 has passed.
According to VTV.vn
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