PM orders accelerated public investment disbursement in final months of the year

October, 19/2022 - 10:08
In the first nine months of 2022, about VNĐ35 trillion of public investment has been disbursed, increasing by 16 per cent compared to last year, covering 46.7 per cent of the workload assigned by the PM this year.

 

Construction of an embankment to prevent landslides in Kinh Nhánh River, Rạch Gia City, Kiên Giang Province. — VNA/VNS Photo

HÀ NỘI — Prime Minister Phạm Minh Chính has ordered ministries and agencies to step up public investment disbursement in the implementation of three key national target programmes in the remaining months of 2022.

The cabinet leader issued a directive on accelerating public investment disbursement on Monday with the task of disbursing an enormous amount of public investment in the last few months of the year.

In the first nine months of 2022, about VNĐ35 trillion of public investment has been disbursed, increasing by 16 per cent compared to last year, covering 46.7 per cent of the workload assigned by the PM this year.

According to the Ministry of Planning and Investment, the public investment disbursement workload in 2022 is heavy. This is because the amount of capital that needs to be disbursed is about VNĐ80 trillion, higher than in 2021, and not including about VNĐ38 trillion in extra development expenditure from the recovery and socio-economic development programmes.

However, the PM said in the decree that public investment speed has fallen short of expectations due to several shortcomings.

Shortcomings in the decree include a lack of responsibility at ministerial and provincial level leaders, unfinished land clearance work and low-quality supervision.

According to the directive, accelerating public investment to realise annual socio-economic targets is one of the key tasks in the year's final months. The target is to disburse 95 to 100 per cent of public investment in 2022.

PM Chính ordered ministries and agencies to ensure the efficiency of public investment disbursement and the quality of construction work.

The PM also ordered tightening discipline, accelerating land clearance progress, and lifting obstacles in land and natural resources.

Ministries and agencies have been asked to directly monitor every project, especially new ones, and improve the quality of consultation work.

A public investment disbursement plan, socio-economic development and recovery programme and three national target programmes must be conducted in relevance with Law on Public Investment, National Assembly resolutions and other legal documents.

Project investors must prepare for necessary procedures to carry out the implementation work and disburse the project's capital immediately after being assigned the 2023 capital plan.

Localities must cut down on capital on projects that cannot be implemented or have no urgent need to avoid the case where many capital plans are proposed, but capital is not fully disbursed.

According to the PM, agencies and localities must ensure the capital is applied economically and efficiently. — VNS

 

E-paper