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Speed up disbursement of Public Investment Capital

WEB PORTAL - According to a report of Department of Planning and Investment, the result of disbursement of public investment capital in the first 5 months of 2020 is still low. Specifically, the provincial budget capital by the time of the May-2020 report reaching 14.14%; public investment capital assigned by the district People's Committee targets targets reaching 11.18% of the plan; Central capital sources arranged to reach 24.76% of the plan.


According to the Department of Planning and Investment, the progress of disbursement of public investment capital is still slow due to compliance with the Law on Public Investment, the capital plan for 2019 is extended to 2020, so investors focus on disbursing the prolonged capital. In addition, the complicated movements of COVID-19 epidemic have greatly affected the implementation and payment of capital. Many projects have not yet completed investment preparation procedures due to problems in implementing the Government's Decree No. 68/2019/ND-CP dated August 14, 2019 on construction cost management. In addition, the work of site clearance is still slow, affecting the implementation progress of the project, resulting in limited capital disbursement.

 

At the meeting with the Department of Planning and Investment and other departments, investors using provincial budget capital, Vice Chairman of the Provincial People's Committee Nguyen Quoc Hung directed departments, branches and investors to accelerate the preparation of documents for evaluation and approval as a basis for implementing projects; At the same time, localities shall concentrate on promoting compensation and resettlement to hand over the ground to the construction units on schedule; Department of Planning and Investment shall review and transfer the public investment plan of low disbursement projects to other projects to ensure effective disbursement of capital, meeting the planned targets.

Hoang Phi

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