In January 2024, disbursement of public investment capital reached about 16,900 billion VND.

At the regular Government Press Conference in January 2024 regarding solutions to promote disbursement of public investment capital, Deputy Minister of Planning and Investment Do Thanh Trung said that in recent years, right before December 31 of the previous year, the Government has allocated 100% of the capital after the National Assembly decided. "This year, with a capital of 657 trillion VND, up to this moment, the Prime Minister has allocated to ministries, central and local agencies a total capital of about 97% (622 trillion VND)," said Mr. Trung.

Deputy Minister of Planning and Investment Do Thanh Trung.

According to Mr. Do Thanh Trung, compared to 2023, the beginning of the year only reached more than 78%. Therefore, the high amount of capital delivered at the beginning of 2024 was immediately reflected in the disbursement results of January 2024. In January 2024, the disbursement of tax according to the Ministry of Finance 's data reached 2.58%, higher than the same period in both relative and absolute numbers. In the same period, it only reached 1.8%, the disbursement was 12,800 billion. In January 2024 alone, it reached about 16,900 billion.

"This result was achieved thanks to the Government and the Prime Minister closely monitoring and clearly identifying problems and difficulties in each industry, each field, and each stage of public investment projects," Mr. Trung emphasized.

The Deputy Minister of Planning and Investment said that public investment is not related to a law but a series of operational processes related to many legal regulations, from land to environment, construction, forest management, budget, etc. These bottlenecks, obstacles and difficulties are the issues that the Government is focusing on solving and bringing about very encouraging results right from the beginning of the year.

Deputy Minister of Planning and Investment Do Thanh Trung said that public investment is one of the contents that the Government and the Prime Minister have always had strong and close direction over the past time.

Mr. Do Thanh Trung gave an example that in 2023, for major road traffic projects, the Prime Minister directed the Government to submit to the National Assembly for approval Resolution 106 on policy mechanisms and specific policies for the implementation of road traffic projects related to various legal regulations. The Government immediately issued Resolution 16 to specify the implementation. These are the most specific solutions as well as the activities assigned by the Government to central and local agencies and working groups for implementation.

"It can be said that there are solutions we have implemented since the beginning of the term and in the years 2021 - 2023 until now, and there are breakthrough solutions to solve problems, especially institutional ones. Besides, solving practical problems and difficulties such as land resources, alternative materials...", Mr. Trung clearly stated.

According to Deputy Minister Do Thanh Trung, with the above solutions, the Ministry of Planning and Investment also hopes to resolve difficulties in projects. Currently, in 2024, public investment projects, especially important national projects, large projects with spillover effects and regional linkages, have been basically overcome. This is the premise to be able to accelerate and completely hope, have confidence, and have a basis for good disbursement of public investment capital in 2024.

According to the report of the Ministry of Finance, the estimated implementation of public investment capital payment nationwide by January 31, 2024 (the deadline for disbursing the 2023 capital plan) reached 82.47% of the plan and 93.12% of the plan assigned by the Prime Minister.

The total public investment capital plan for 2023 (including the plan assigned by the Prime Minister, the increased local balanced capital plan, and the plans transferred from previous years) is 858,399.9 billion VND. Compared to the December 2023 report, the plan increased by 14,599.9 billion VND (due to the detailed assignment of additional sources for the Socio-Economic Recovery and Development Program (SEDP) of 3,307.5 billion VND, additional capital to extend the National Target Program (NTPP) of 137.8 billion VND, and localities assigned additional balanced sources of 11,154.7 billion VND). Of which, the plan for 2023 is 803,397.6 billion VND and the capital from previous years extended to 2023 is 55,002.3 billion VND.

Source: https://www.congluan.vn/thang-1-2024-giai-ngan-von-dau-tu-cong-dat-khoang-16900-ty-post283318.html