Quang Ngai disburses investment capital slowly for many reasons.

According to the report of the Department of Planning and Investment of Quang Ngai province, by June 30, 2024, the disbursement rate of public investment capital of the province reached 13.6% of the assigned capital plan; equal to 21.3% of the capital plan imported into Tabmis.

Of which, disbursed local budget capital reached 14.0% of the assigned capital plan; disbursed central budget capital reached 12.7% of the assigned capital plan.

It is estimated that by July 31, 2024, the disbursement rate will reach 24.2% of the assigned capital plan; of which, the local budget disbursement will reach about 26.4%; the central budget disbursement will reach about 18.4%.

Projects facing difficulties affect disbursement progress.

The reason why the disbursement rate of public investment capital has not reached the set plan is because some works and projects have encountered difficulties and problems with site clearance, affecting progress and disbursement; the revenue from the province's land fund is low, so Tabmis is not imported for the projects.

At the meeting to evaluate the results of public investment disbursement in the first 6 months of the year and deploy key tasks in the last 6 months of 2024 on July 10, Permanent Vice Chairman of Quang Ngai Provincial People's Committee Tran Hoang Tuan requested agencies, units and localities to continue to seriously and effectively implement tasks and solutions to speed up the disbursement progress of the public investment capital plan in 2024.

Permanent Vice Chairman of Quang Ngai Provincial People's Committee Tran Hoang Tuan spoke at the meeting.

The Standing Vice Chairman of the Provincial People's Committee also requested the People's Committees of districts, towns and cities to focus on directing the acceleration of site clearance for projects to hand over to investors to implement the projects on schedule.

The investor unit reviews all projects assigned capital plans in 2024 from central and provincial budget sources; promptly resolves difficulties and problems in the process of implementing works and projects. In case of exceeding authority, report to the Provincial People's Committee for direction and handling.

Regularly review project implementation capacity, promptly propose appropriate capital plan transfers between projects; ensure 100% disbursement of capital in 2023 extended to 2024 and disbursement of public investment capital in 2024 according to the set plan.

Source: https://kinhtedothi.vn/quang-ngai-giai-ngan-von-dau-tu-cham-vi-nhieu-nguyen-nhan.html