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Identifying promoting the allocation and disbursement of public investment capital as a key political task, focusing on priority in direction and administration

Bộ Tài chínhBộ Tài chính28/03/2024


(MPI) – Speaking at the online conference of the Government Standing Committee with ministries, central agencies and localities on reviewing and evaluating the situation, urging the acceleration of public investment disbursement in 2023, Prime Minister Pham Minh Chinh requested ministries, branches and localities to identify accelerating the allocation and disbursement of public investment capital, capital sources for the Socio-Economic Recovery and Development Program, and 3 national target programs as key political tasks, focusing on priorities in direction and administration, especially key and important national projects, highways, inter-regional projects and works with high spillover effects.

Prime Minister Pham Minh Chinh gave a speech at the Conference. Photo: Chinhphu.vn

The conference took place on the morning of November 27, 2023, attended by Deputy Prime Minister Le Minh Khai, Deputy Prime Minister Tran Hong Ha, leaders of ministries, branches, central and local agencies.

According to Resolution No. 01/NQ-CP dated January 1, 2023 of the Government, promoting the disbursement of public investment capital in 2023 is identified as one of the key political tasks. Since the beginning of the year, the Government and the Prime Minister have issued 8 resolutions, 01 directive, 6 telegrams and documents to promote the disbursement of public investment capital; proposed many key tasks and solutions; requested ministries, central agencies and localities to focus on and resolutely lead and direct the implementation of public investment disbursement.

Regarding the results achieved, disbursement by the end of October 2023 reached nearly 389.7 trillion VND (55.02% of the plan assigned by the Prime Minister), an increase of 3.68% and an increase of over 99 trillion VND in absolute terms compared to the same period in 2022.

Estimated disbursement by the end of November 2023 reached nearly 461 trillion VND (65.1% of the plan assigned by the Prime Minister), 6.77% higher and 122.6 trillion VND higher in absolute terms compared to the same period in 2022. Among them, there are ministries, branches and localities that achieved good results in disbursing public investment capital such as Vietnam Development Bank (100%), Vietnam Journalists Association (100%), Vietnam Lawyers Association (92.76%), National Assembly Office (83.61%), Vietnam Writers Association (81.6%), Ho Chi Minh Mausoleum Management Board (74.74%), Binh Duong (113.4%), Long An (112.7%), Ba Ria - Vung Tau (106.84%), Tien Giang (101.42%), Dong Thap (100.82%), Hai Phong (99.83%).

The conference listened to leaders of ministries, branches and localities report on the current situation of public investment disbursement in their agencies, units and localities, especially focusing on analyzing the reasons for low public investment disbursement in some places.

Speaking at the Conference, Prime Minister Pham Minh Chinh stated that there is only a little over a month left until the end of the 2023 state budget year, while the disbursement volume is still quite large (about 247 trillion VND). The Prime Minister requested that each agency, unit, and locality, especially the leader, need to uphold the spirit and sense of responsibility towards the people and the country to promote the spirit of overcoming difficulties, taking difficulties and challenges as motivation to strive to rise up, determined to disburse at least 95% of the assigned plan in 2023.

Regarding key tasks and solutions, the Prime Minister requested ministries, central agencies and localities to seriously implement resolutions, conclusions and directions of the Government and the Prime Minister on urging the allocation and disbursement of public investment capital (Directive No. 08, Official Dispatch No. 749, ...); strengthen inspection and supervision; maintain the operation of 5 Working Groups and the mechanism of quarterly Government members working with localities, special working groups headed by the Chairman of the Provincial People's Committee.

Ministers, heads of central agencies, and chairmen of provincial and municipal People's Committees must uphold their sense of responsibility, promote the role of leaders in leadership, direction and implementation; regularly review, urge, promptly detect and remove difficulties and obstacles arising from each project, especially key projects (especially in land, resources, dumping sites, etc.); personalize responsibilities to each individual; consider disbursement results as one of the important bases for assessing the level of completion of annual tasks of relevant organizations and individuals."

Along with that, strengthen inspection, supervision, and urge contractors and consultants to speed up progress; strictly handle investors, project management boards, and contractors who intentionally cause difficulties, obstruct, and slow down capital allocation and disbursement progress; review, handle, and promptly replace weak and negative civil servants and public employees who do not complete assigned tasks, leading to project prolongation, capital increase, and waste.

Carefully review from the project preparation stage, project selection, capital allocation to design, bidding, construction, payment procedures, settlement... for each project. Focus on accelerating site clearance progress; make advances, recover advances, pay investment capital in accordance with regulations, prepare payment records as soon as there is volume.

Promote administrative procedure reform, information technology application, digital transformation in public investment, especially in appraisal, capital allocation, and expenditure control; at the same time, strengthen post-audit.

The Prime Minister requested the Ministry of Planning and Investment to promote its role in state management of public investment, closely monitor, urge, guide and promptly handle difficulties and problems of ministries, central agencies and localities to accelerate the disbursement of public investment capital; report to competent authorities to issue flexible management solutions to complete the target of disbursing public investment capital in 2023.

The Ministry of Planning and Investment shall promptly submit to the Prime Minister the state budget estimate and state budget investment plan for 2024 within the prescribed time and implement the plan from the first days and months of 2024. Publicly announce on the Ministry of Planning and Investment's electronic information portal the results of monthly, quarterly and annual disbursement.

The Working Groups continue to inspect, supervise, urge, and direct the timely handling of difficulties, obstacles, and shortcomings in the implementation of public investment disbursement at ministries, central agencies, and localities; Strengthen information and communication work, especially policy communication, contributing to creating consensus, support, and active participation of people, businesses, and investors, praising good models and good practices, detecting places that do not perform well, and cases of waste and negativity./.



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