[NEWS] Making a breakthrough in disbursement of public investment capital

In 2023, it is necessary to achieve the target disbursement rate of public investment capital. Ministries, sectors, and localities in the first month of the year have come up with a number of solutions to remove bottlenecks, such as:

Solutions have been implemented

According to information from the Ministry of Finance, by the end of January, the total public investment capital from the state budget has been disbursed about 12,819.57 billion VND, of which reached about 1.72% of the plan and reached 1.81% at the same time. according to the plan assigned by the Prime Minister. The reason is that the ministries, branches, and localities put all their resources into focusing on development when allocating detailed capital plans to projects and completing investment procedures to disburse the resource plan. capital. Besides, investment capital from abroad has not been disbursed.

In 2023, the pressure from capital disbursement is the most difficult problem. In addition to disbursing the capital according to the assigned plan in the year, it is also necessary to disburse the entire capital in the "Program for socio-economic recovery and Development". Under this pressure, ministries, branches, and localities have determined and strived to disburse at the highest rate - According to the Ministry of Finance.

For example, the Ministry of Transport, in 2023, this Ministry was assigned a public investment capital plan of about VND 94,161 billion by the Prime Minister. In January 2023, the Ministry of Transport also issued a directive to speed up the implementation and disbursement of public investment plans, and promptly deliver details of the first phase to projects that have completed all procedures with total capital is 94,135 billion VND (reaching 99.97%). By the end of January 2023, the Ministry of Transport has also disbursed about 1,700 billion VND (accounting for 1.81% of the capital plan).

According to the Ministry of Transport, to fully disburse all this capital in 2023, on average, the Ministry needs to disburse VND 8,000 billion per month. Therefore, the Ministry has focused on this work from the beginning of the year, and also requires agencies and units to uphold the responsibility of the head, need to innovate the way of doing, think, and creatively apply New models and best practices to get the best results.

Or as in Ninh Binh - the locality with the highest rate of disbursement of public investment capital in the country in 2022, the Provincial People’s Committee has just issued a decision to establish a Working Group to accelerate the implementation and disbursement of the plan. public investment capital plan in 2023 for projects and works in the province. The working group consists of 13 people led by the Chairman of the People’s Committee of Ninh Binh Province. The working group has the main task of directing and coordinating to solve tasks related to the implementation progress, work quality, and disbursement schedule of capital sources in 2023 of projects and works in the locality. Ninh Binh table; ensure completion of the assigned targets for allocation of investment and development capital in 2023.

As for Hanoi - the locality assigned with a large amount of public investment capital, the Capital is also determined to disburse all the allocated capital by the end of 2023 with drastic solutions. The Hanoi People’s Committee has requested the units to strictly comply with the law on public investment, the principles, criteria, and priority order for allocating investment capital from the state budget; improve the quality of the planning, ensuring it is suitable with the capacity and performance of the project; enhance the efficiency of the work, the organization that follows the principle of post-inspection must ensure compliance with regulations and the effectiveness of public investment...

At the same time, continue to review and reform administrative procedures for construction investment, land acquisition, and compensation for site clearance as well as uphold the roles and responsibilities of the leaders. in promoting the implementation progress and disbursement of capital construction investment capital, improving the efficiency of the use of investment capital. Hanoi also arranges and uses state budget capital for investment as "priming capital" to maximize the capital sources of other economic sectors.

In addition to state agencies facing difficulties in disbursing capital, small and medium enterprises are also facing many difficulties in the problem of capital shortage, lack of space, and high land rent. To support businesses that are facing difficulties in capital, Indochina Holding specializes in providing financial consulting services and supporting loans from funds with the lowest interest rates. At the same time, supporting businesses with effective investment and business strategies.

Yen Dang (Collection source)