To speed up the disbursement of public investment capital

Published on 05 - 05 - 2022
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On May 5, the Provincial People's Committee held a conference to review the progress of implementation and disbursement of the public investment capital plan in 2022. Mr. Dang Ngoc Quynh, Member of the Provincial Standing Committee, Standing Vice Chairman of the Provincial People's Committee chaired the conference. In the attendance was Colonel Nguyen Chi Cong, Member of the Provincial Standing Committee, Chief of the Provincial Military Command...

At the conference

According to a report by the Department of Planning and Investment, the total public investment capital plan of the State budget in 2022, as of April 30, is nearly 9,000 billion VND, reaching 217% of the plan assigned by the Prime Minister. In which, the capital plan is allocated 4,142 billion VND by the Prime Minister; the capital plan allocated by provinces, districts and communes with the additional amount of VND 4,853.5 billion. Up to now, all levels in the province have basically carried out the detailed capital plans for works and projects. The remaining capital is 334.7 billion VND, it is expected to be allocated to 18 works and projects after completing the  investment procedures and projects.

Regarding the implementation and disbursement of the investment capital plan from the State budget in the first 4 months of the year, the implementation and disbursement of capital for projects is still slow, especially the new construction projects in 2022. By April 30, nearly 1,330 billion VND has been disbursed, reaching 32% of the plan assigned by the Prime Minister. In which, the provincial capital for disbursement has reached over 10% of the plan; the capital managed and disbursed by district level reached 21.2% of the plan; the capital managed and disbursed by the commune level (from the source of land use levy), attained over 26%. The reason for the low progress in disbursement of public investment capital is that the preparation, appraisal and approval of projects starting in 2022 are still slow, and investment procedures have not been completed according to regulations. During the project implementation, the price of construction materials has increased, affecting the construction progress and capital disbursement...

At the conference, leaders of departments, agencies and the People's Committees of districts, town and city reported on the project progress and the performance of the public investment disbursement plan managed by the unit. At the same time, focusing on discussing solutions to overcome difficulties and obstacles in the project implementation process such as: speeding up the approval of the land use plan; strengthen the coordination among departments, branches, localities and investors in site clearance work to perform key projects of the province...

Speaking at the conclusion of the conference, Standing Vice Chairman of the Provincial People's Committee Dang Ngoc Quynh emphasized as follows: for the disbursement of public investment capital to be highly effective, in addition to managing and conducting well the assigned projects, localities need to uphold the sense of responsibility, actively coordinate with relevant departments, branches and investors to remove difficulties and speed up the progress of provincial projects passing through their localities, especially the key ones. The Management boards and investors of works and projects actively perform their assigned tasks, report specifically and timely difficulties and problems, propose specific solutions to overcome for each works and projects for the province to direct and solve…

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