According to Official Dispatch No. 24/CD-TTg on accelerating the allocation and disbursement of public investment capital in 2024, which has just been signed and issued by Prime Minister Pham Minh Chinh , ministries, central and local agencies urgently allocate detailed plans for state budget capital investment in 2024 in accordance with regulations, without further delay; the detailed allocation of capital plans must ensure focus, key points, not spread out, consistent with the implementation and disbursement capacity and in accordance with legal regulations on public investment...
Previously, at the 9th meeting of the State Steering Committee for important national projects and works, key to the transport sector (February 16), Prime Minister Pham Minh Chinh, Head of the Steering Committee, also said that the whole country is promoting 3 growth drivers, including investment drivers, including domestic investment, foreign investment, private investment and social investment. Emphasizing the important role of public investment, leading and activating all social resources for development investment, the Prime Minister stated that in 2024, the whole country will spend 657,000 billion VND on public investment, mainly investment in transport infrastructure and strive to achieve a disbursement rate of at least 95%. Along with the effectiveness of promoting growth momentum, focusing on disbursing public investment, with transportation projects put into operation will contribute to reducing logistics costs for businesses, reducing input costs, increasing the competitiveness of products, businesses and the economy; creating new development space because wherever the road goes, it opens up new development space, especially industrial development, urban areas, services, etc.
Meanwhile, according to Official Dispatch No. 2060/BTC-DT of the Ministry of Finance reporting to the Prime Minister on the payment of investment capital from the State budget in January, it is estimated that the implementation of the 2-month plan for 2024 will be completed, with the cumulative payment from the beginning of the year to January 31, 2024 being VND 31,524.5 billion/total plan of VND 689,775.9 billion, reaching 4.57% of the plan. The estimated payment from the beginning of the year to February 29, 2024 is VND 59,998.1 billion, reaching 8.7% of the total plan, reaching 9.13% of the plan assigned by the Prime Minister (the same period in 2023 reached a total of 6.55% of the plan and reached 6.97% of the plan assigned by the Prime Minister).
Commenting on the capital plan disbursement situation, the Ministry of Finance said that the estimated disbursement rate for the 2 months of the 2024 plan reached 8.7% of the total plan. Compared to the plan assigned by the Prime Minister, the disbursement rate reached 9.13%, an increase over the same period in 2023 (6.55% of the total plan and 6.97% of the plan assigned by the Prime Minister).
There are 04/44 ministries, central agencies and 38/63 localities with estimated disbursement rates above the national average. Some ministries, central agencies and localities with good disbursement rates include: Vietnam Television (34.92%), Ministry of Construction (32%), Vietnam Women's Union (27.83%), Hau Giang (30.15%), Tien Giang (27.62%), Vinh Phuc (21.49%), Tuyen Quang (21.26%), Hoa Binh (20.95%).
There are 32 ministries and central agencies with a disbursement rate of 0%, and 06 localities with a low disbursement rate, below 5%.
Regarding the implementation of key projects, by January 31, 2024, the total disbursed capital of 09 important national projects in the transport sector was VND 4,463.21 billion, reaching 6.63% of the assigned plan for 2024 (VND 67,365.78 billion), of which the central budget capital was VND 4,230.67 billion, reaching 6.82%; local budget capital was VND 232.54 billion, reaching 4.35%.
The Ministry of Finance requests ministries, central agencies and localities to continue to immediately deploy working groups to inspect, urge, remove difficulties and obstacles to promote disbursement of public investment capital at ministries, central agencies and localities according to Decision No. 235/QD-TTg dated April 14, 2023 of the Prime Minister; urge the situation of production and business, public investment, infrastructure construction and import-export according to Decision No. 435/QD-TTg dated April 24, 2023 of the Prime Minister. At the same time, it requests ministries, central agencies and localities to direct investors to urgently coordinate with the State Treasury where transactions are made to carry out procedures to transfer sources of projects under the Socio-Economic Recovery and Development Program to 2024, as a basis for continued disbursement.
Notably, it is necessary to urgently review projects proposed to extend the implementation period and disbursement of public investment plans to 2024 according to the provisions of Decree No. 40/2021/ND-CP dated April 6, 2021 of the Government detailing the implementation of a number of articles of the Law on Public Investment./.
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