Deputy PM: Public capital disbursement must be publicised hinh anh 1Deputy Prime Minister Vuong Dinh Hue speaks at the meeting (Photo: VNA)

Hanoi (VNA)
– Deputy Prime Minister Vuong Dinh Hue has requested the Ministry of Planning and Investment and Ministry of Finance to monthly publicise the disbursement of capital for public investment projects by ministries, sectors and localities.

Deputy PM Hue made the request at a working session with the Ministries of Transport, Agriculture and Rural Development, and Natural Resources and Environment in Hanoi on May 16 to review the implementation of the middle-term public investment plan for 2016-2020.

He said the investment capital allocated for the three ministries totalled at 303 trillion VND (13.34 billion USD) in 2016-2020, accounting for over 25 percent of the total medium-term investment capital of the central budget, which is estimated at 1.2 quadrillion VND (52.86 billion USD).

In 2018 alone, the Ministry of Transport was allocated over 21 trillion VND (925.1 million USD), the Ministry of Agriculture and Rural Development 15.7 trillion VND (691.6 million USD), and the Ministry of Natural Resources and Environment 1.5 trillion VND (66 million USD), he noted.

“However, the allocation and disbursement of capital by the three ministries remained sluggish, much lower than the average level of the country,” he said, stressing that “This is dangerous and unacceptable”.

The Deputy PM pointed out reasons behind this problem including restrictions in legal regulations and policy mechanisms on public investment. However, the main cause lies in the stagnant operation of the three ministries and the irresponsibility of officials, he said.

Therefore, it is necessary to build a strict supervision mechanism and raise the responsibility of heads of each sectors to realise the target of disbursing 100 percent of capital under the government’s Resolution No.01/NQ-CP on major tasks and solutions guiding the implementation of the 2018 socio-economic development plan and the State budget estimates dated on January 1 this year, he emphasised.

Statistics showed that the disbursement of capital by the Ministry of Transport was estimated at over 6.9 trillion VND (305 million USD) in the first four months of 2018, fulfilling 32.6 percent of the yearly target.

As of May 14, 2018, the Ministry of Natural Resources and Environment disbursed 238 billion VND (10.4 million USD), equal to 16 percent of the annual goal. 

Meanwhile, the Ministry of Agriculture and Rural Development disbursed more than 2.1 trillion VND (94.7 million USD) as of April 30, 2018, reaching 13.7 percent of the set target.-VNA