Disbursement of public investment capital in the first 4 months of the year is estimated at nearly 18.5%

The Ministry of Finance announced the estimated disbursement rate of the source investment capital plan State budget The first 4 months of 2022 achieved 18.48% of the plan assigned by the Prime Minister, down 0.17% compared to the same period in 2021.

Among them, domestic capital reached 19.57% (the same period in 2021 reached 20.74%), foreign capital reached 3.25% (the same period in 2021 reached 2.02%).

According to the Ministry of Finance, by the end of April, there were 7 ministries and 8 localities with a disbursement rate of over 25%. Some ministries and localities have high disbursement rates, including the Social Policy Bank at 91.12%, the Development Bank at 59.64%, the Central Committee of the Vietnam Fatherland Front 48.86% , State Bank of Vietnam 35.76%, Binh Thuan 33.9%…

However, there are still 43/51 ministries and 28/63 localities with disbursement rate below 17%; of which 17 ministries and branches have not yet disbursed capital plans.

The reason the disbursement rate of the capital plan for the first 3 months and the first 4 months of 2022 is low is that the investors of some ministries, branches and localities have not been drastic in the leadership, direction and organization of implementation. presently. Currently, there are 17 ministries and branches that have not yet disbursed.

Besides, it is due to the fact that new construction projects are under bidding to select consulting contractors; is preparing construction drawing design and total cost estimate, so the assigned capital plan has not been disbursed. Some projects encountered problems in site clearance.

Besides, the recent increase in the price of construction materials, especially iron, steel, and petroleum, the limited supply of materials for large projects is also the cause of slow capital disbursement.

Particularly for projects using foreign capital, some projects are disbursed in the form of revenue and expenditure, the implementation process must comply with the donor’s process. consult the donor, so it will also affect the disbursement progress. Some projects are in the process of compiling equipment lists from component projects to prepare for international bidding procedures.

To speed up disbursement public investment capitalthe Ministry of Finance proposed the Ministry of Planning and Investment to coordinate with ministries, branches and localities to synthesize and supplement the medium-term plan for foreign capital investment in the period 2021-2025 and 2022 for projects If the ODA project has qualified, report to the Government to submit to the National Assembly Standing Committee under the direction of the Prime Minister at Official Dispatch No. 307/CD-TTg dated April 8, 2022 on speeding up the implementation progress. and disbursement of ODA and foreign concessional loans.

The Ministry of Finance also proposed ministries, central agencies and localities to drastically implement the Prime Minister’s tasks and solutions to urge the drastic and effective implementation of the Program on Recovery and Development. socio-economic development, speeding up disbursement of public investment capital; Directive resolutions and documents of the Government on accelerating the implementation and disbursement of public investment capital year 2022…

At the Notice No. 125/TB-VPCP, the conclusion of Deputy Prime Minister Le Minh Khai at the meeting on the plan to handle the public investment plan capital from the central budget in 2022 of the ministries and central agencies , localities have not yet allotted details, the Deputy Prime Minister requested the Ministry of Planning and Investment to urgently assume the prime responsibility for, and coordinate with ministries, agencies and localities in, immediately summarizing and proposing plans to transfer plans. The 2022 capital plan of ministries, agencies and localities has not been fully allocated to other ministries, agencies and localities as of March 31, 2022 with projects and needs for additional capital according to the direction of the Government. , Prime Minister, reporting to the Government at the regular meeting in April 2022.

Among them, to clearly report the status, situation, objective and subjective causes of the delay in allocation, assess the impact of the capital transfer; in case there are difficulties or problems, it is necessary to report, explain clearly and persuasively, and propose appropriate, feasible, effective, and prescribed handling plans, ensuring the completion of detailed allocation of capital. plan in 2022 as soon as possible, accelerate disbursement of public investment capital in 2022.