The reason for the slow disbursement of public investment capital

According to 6 special working groups to correct this work, the delay in disbursement of funds public investment capital This is mainly due to the subjective reasons of the ministries, branches and localities, especially from the investment preparation stage, so it is necessary to deal with the backlog issues and problems, speed up the process of creating resources. for future economic development.

Embankment project on the left side of Yen river, Cao Bang city with a total investment of 120 billion VND, after nearly 1 year of construction, many main items have not been completed. The rainy season comes, making the project difficult to deploy, the risk of delay is increasingly present.

This is also the common situation of many projects, causing Cao Bang province to disburse less than 7% of the total of more than 3,300 billion VND of public investment capital assigned.

According to the Ministry of Finance, the disbursement rate of public investment capital in the first 5 months of the year only reached 22.37% of the plan assigned by the Prime Minister. (Illustration image – Photo: Investment Newspaper)

“We determine the main reason is subjective, but there is a capital of more than 900 billion VND to arrange for the expressway project from 2020 to now, but the project has not been approved yet,” said Mr. Hoang Xuan Anh. , Chairman of Cao Bang Provincial People’s Committee, said:

In addition to inherent reasons such as slow site clearance, limited investment preparation and project implementation, the increase in prices of many building materials and input materials in the first 5 months also slowed down the progress of the project. disbursement progress. However, the most important issue still lies in the role of the heads of localities.

“We prioritize allocating capital for projects with good disbursement speed, but now with businesses and contractors that violate contracts, we will strictly handle them,” said Tran Huy Tuan, Chairman. People’s Committee of Yen Bai province, said.

According to the Ministry of Finance, the disbursement rate of public investment capital in the first 5 months of the year only reached 22.37% of the plan assigned by the Prime Minister; 41 Ministries and 21 localities have disbursement rate below 20%. In which, 5 ministries have not disbursed this year’s capital plan.

“There are localities, ministries and branches disbursing quickly, but there are units disbursing slowly. This proves that the problem here is not in the law, but in the implementation stage,” said Mr. Hoang Van Cuong, Commissioner. Member of the Finance and Budget Committee of the National Assembly, assessment.

“You know where the difficulties are, there must be a clear commitment, the units that can’t do it must be eliminated, the units that do well will be rewarded,” said Tran Dinh Thien, former director of the Vietnam Institute of Economics. .

The Prime Minister’s 4 working groups have just finished direct inspections to the locality to grasp the situation and solve difficulties and problems to promote this progress. Because this year, the disbursement volume of public investment capital is very large, over 700,000 billion VND, an increase of about 200,000 billion VND compared to previous years.

Representatives of the working groups also asked the units to resolutely overcome the situation when they put into the investment portfolio of projects that have not yet completed procedures; completely implement site clearance before project implementation; review and strengthen the capacity of project management boards. In particular, the heads of ministries and agencies must determine that the disbursement of public investment capital is one of the key political tasks of 2022. this important source of capital.

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