Slow disbursement should be clarified: investment ministry hinh anh 1Illustrative image (Source: VNA)
Hanoi (VNA) – The Ministry of Planning and Investment (MPI) has sent a document requiring ministries, agencies and localities to report on their implementation of Government Resolution No.60 on tasks and measures to step up the disbursement of public investment in 2016.

The report should be made before the 25th day of each month. Meanwhile, reports detailing the results of the disbursement of funds for each project as of September 30 should be made before October 10.

For public investment disbursement in the first seven months of this year, the MPI asked ministries, agencies and localities to clarify any differences between their disbursed state budget and Government bond figures and those in the Finance Ministry’s report.

Units which have disbursements of below 20 percent of the yearly target were requested to make clear the reasons for the slow disbursement, and propose measures to address it.

According to an MPI report, in the first seven months of this year, the disbursement of the state budget reached 36.7 percent of the yearly target, while the disbursement of Government bonds reached only 25.8 percent of the yearly target.-VNA