Strictly handle cases affecting public investment disbursement

The Prime Minister focused on directing and promoting the disbursement of public investment capital right from the beginning of the year, identifying this as a key political task of ministries, branches and localities.

At the National Assembly's discussion session on the socio-economic situation on the afternoon of October 30, Deputy Prime Minister Le Thanh Long explained and clarified a number of issues raised by National Assembly deputies regarding finance, state budget, and public investment.

On behalf of the Government and Prime Minister, Deputy Prime Minister Le Thanh Long thanked the National Assembly deputies for speaking and giving specific and practical comments.

According to the Deputy Prime Minister , in a very difficult context, we have made the greatest efforts and determination in implementing the state budget revenue and expenditure estimates, achieving and exceeding all 12/12 main targets of the entire term.

State budget revenue is estimated at 9.6 million billion VND, 1.36 times higher than the previous term and far exceeding the target of 8.3 million billion VND; meanwhile, we have exempted, reduced, and extended taxes, fees, and charges by about 1.1 million billion VND and increased revenue and saved expenditure by 1.57 million billion VND.

Focus on implementing a reasonable, focused, and effective expansionary fiscal policy; closely and harmoniously coordinate with a proactive, flexible, timely, and effective monetary policy to contribute to promoting growth.

Public debt, government debt, foreign debt and state budget deficit are well controlled, much lower than the prescribed limit. Public debt decreased from 44.3% of GDP in 2020 to about 35-36% in 2025 (the limit is 60% of GDP). The average state budget deficit decreased from 3.53% of GDP in the 2016-2020 period to 3.1-3.2% of GDP in this term.

Regarding the work of estimating state budget revenue, in the context of a volatile world situation, with generally more difficulties and challenges than opportunities and advantages, the work of building and estimating state budget revenue is carried out according to the principle of prudence, ensuring national financial security and safety.

Issues such as state budget deficit, public debt, government debt, and foreign debt are all within the prescribed safety limits, ensuring sufficient resources to meet spending requirements for human development investment, ensuring social security, national defense and security, and urgent tasks arising such as natural disasters, storms and floods...

The Government has resolutely directed revenue management, ensuring correct, full and timely collection; promoting digital transformation, expanding the scope of electronic invoices, focusing on preventing revenue loss in e-commerce and service activities such as food and beverage, hotels, etc.

The total increase in state budget revenue for the entire 2021-2025 term reached 1.57 million billion VND, used to increase spending on development investment, human resources (such as salary increases), national defense and security and other important and urgent tasks.

In the budget revenue structure for the 2021-2025 period, revenue from production and business accounts for the main proportion, reaching 62.5%; revenue from land use fees accounts for 13%, revenue from import and export accounts for 13.2%.

Regarding the structure of state budget expenditure, development investment expenditure accounts for 32-33%, regular expenditure accounts for 57-58% (previous term figures were 28% and 63.2% respectively). According to the 2026-2030 plan, development investment expenditure strives to increase to about 40% and regular expenditure to about 51%.

Along with that, the state budget revenue estimate for 2026 is built closely following the goals and tasks according to the resolutions of the Party and the National Assembly. In particular, domestic revenue from production and business increases by about 11.1%, the highest level ever, higher than the economic growth target of 10%, while taking into account the impacts and influences of factors such as revenue from import and export, land and resources.

Deputy Prime Minister Le Thanh Long said that in the coming time, the Government will continue to direct the Ministry of Finance and relevant agencies to deploy solutions to enhance the application of information technology and digital transformation, focusing on improving analysis and forecasting to serve the development of revenue estimates and management of state budget revenue and expenditure.

Deputy Prime Minister Le Thanh Long spoke to explain and clarify a number of issues raised by National Assembly deputies. (Photo: Doan Tan/VNA)

Regarding the disbursement of public investment capital from the beginning of 2025 to present, the preliminary report up to October 23, 2025, disbursed 465 trillion VND, reaching 51.7% of the plan assigned by the Prime Minister.

The disbursement rate is equivalent to 51.5% compared to the same period in 2024, but the absolute capital is about VND 115,658 billion higher (the same period in 2024 was VND 349,170 billion).

The Deputy Prime Minister commented that in general, public investment disbursement tends to be low at the beginning of the year and increases sharply at the end of the year because contractors need time to construct and accumulate enough volume for acceptance and payment at the end of the year.

During the term, the total disbursement rate for the first 9 months of the year was only about 49-51%, while the disbursement result at the end of the year reached 91-95%.

Since the beginning of the term, the Government and the Prime Minister have focused on directing and promoting the disbursement of public investment capital right from the beginning of the year, clearly identifying this as a key political task of ministries, branches, and localities, and the heads must take responsibility.

The Prime Minister, Deputy Prime Ministers, and Government members regularly and continuously conduct field inspections, focus on resolving difficulties, urging and implementing, and almost every week there are Government members in localities to urge the implementation of this task.

In terms of institutions, the Government has submitted to the National Assembly a proposal to focus on amending relevant legal provisions to remove obstacles in public investment; promote decentralization and comprehensive delegation of power in 12 contents to ministries and localities; and change the method of public investment management from pre-inspection to post-inspection...

However, disbursement of public investment capital is sometimes slow in some places and generally does not meet requirements due to many objective and subjective reasons.

Receiving the opinions of National Assembly deputies, Deputy Prime Minister Le Thanh Long affirmed that the Government will continue to focus on directing ministries, branches and localities to urgently overcome limitations and shortcomings, determined to strive to complete the disbursement rate of public investment capital in 2025 to reach the target of 100% of the plan assigned by the Prime Minister, about 5-6% higher than the average of previous years.

In addition, the Government continues to review and perfect legal regulations, promote the activities of working groups, speed up site clearance and construction progress, remove difficulties and obstacles, improve the quality of preparation and implementation of construction investment; strictly implement the provisions of the Law on Public Investment (amended) and strictly handle cases affecting the disbursement of public investment capital, transfer officials, consider the responsibility of leaders in combination with the Party's regulations on personnel work./.

(TTXVN/Vietnam+)

Source: https://www.vietnamplus.vn/xu-ly-nghiem-cac-truong-hop-anh-huong-den-giai-ngan-von-dau-tu-cong-post1073918.vnp