Public investment disbursement improves in seven months

Illustrative image (Source: baodautu.vn)

Hanoi (VNA) – The disbursed capital sourced from the state budget topped 291trillion VND (12.3 billion USD) in the first seven months of 2023, equivalentto 41.3% of the yearly target and rising 22.1% from a year earlier, showing an observableimprovement in public investment disbursement, said the General StatisticsOffice (GSO).

The sum consists of about54.1 trillion VND under the central management, or 40.6% of the target for this typeof funding and up 29.4% year on year, and 236.9 trillion VND under the local management, 41.5% of the target and up 20.5%.

In the same period of2022, the disbursed state capital was equivalent to 39.7% of last year’s targetand increased 12.3% year on year, data showed.

In July alone, anestimated 58.5 trillion VND in public investment was disbursed, growing 28.4%year on year, comprising 10.8 trillion VND under the central management (up 31.8%)and 47.7 trillion VND under the local management (up 27.6%), the GSO reported.

For 2023, more than 804.42 trillion VND from the state budgetwas assigned to ministries, sectors, and localities.

The Ministry of Planningand Investment has requested these stakeholders ensure a disbursementrate of over 95% as targeted by the Government and the Prime Minister./.

VNA