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Public capital disbursement improves in first two months

Almost 34.75 trillion VND (1.49 billion USD) of public investment capital was disbursed in the first two months of 2020, equivalent to 7.38 percent of the year’s plan and nearly doubling the value and progress in the same period last year.
Public capital disbursement improves in first two months ảnh 1The public capital disbursement progress in the first two months of this year fared much better than in the same period of 2019 (Photo: VNA)

Hanoi (VNA) – Almost 34.75 trillion VND (1.49billion USD) of public investment capital was disbursed in the first two monthsof 2020, equivalent to 7.38 percent of the year’s plan and nearly doubling thevalue and progress in the same period last year.

More than 33.62 trillion VND of domestic capitaland 1.12 trillion VND of foreign capital was disbursed in January and February2020, Deputy Director of the Finance Ministry’s Department of Investment LeTuan Anh said on March 17.

The disbursed sum in the same period of 2019 accounted foronly 4.52 percent of the year’s target.

In particular, ministries and central agencies disbursedover 5.89 trillion VND and localities, nearly 28.86 trillion VND so far thisyear, respectively equivalent to 5.46 percent and 7.96 percent of the targetsset for them. The respectively rates in the same period last year were onlyabout 1.21 percent and 5 percent.

Outstanding performers in this work include theVietnam Development Bank (31 percent), the Vietnam Farmers’ Union (13 percent),the Ministry of National Defence (14.4 percent), the Ministry of Health (11percent), the Government Inspectorate (10 percent), along with the provinces ofNinh Binh (38 percent), Nam Dinh (24 percent), Lang Son (23 percent), Kon Tum(14 percent), and Lao Cai (13 percent).

Anh said although the capital disbursementprogress so far this year fared much better than in the same period of 2019, itremained lower than expected since most of ministries, sectors and localitiesstill focused on dealing with the capital they didn’t finish disbursing in2019.

He attributed the improved progress partly totheir early making of capital allocation plans and the revised Law on PublicInvestment, taking effect at the beginning of 2020, which empowers ministries,central agencies and localities to verify capital sources and capital balancingability.

A national teleconference is scheduled to take place in lateApril to seek ways to accelerate the disbursement of public investment capitalfor this year, the official added./.
VNA
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