Public investment disbursement improves in seven months
The disbursed capital sourced from the state budget topped 291 trillion VND (12.3 billion USD) in the first seven months of 2023, equivalent to 41.3% of the yearly target and rising 22.1% from a year earlier, showing an observable improvement in public investment disbursement, said the General Statistics Office (GSO).
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./.
More than 3.22 trillion VND (136.65 million USD) of public investment capital from foreign sources was disbursed in the first six months of this year, completing 27.2% of the target set for the whole year, according to Truong Hung Long, Director of the Department of Debt Management and External Finance under the Ministry of Finance (MoF).
The disbursement of public investment funded by official development assistance (ODA) in localities in the first six months of this year has reached only 7.6% of the year’s target, according to the Ministry of Finance (MoF).
Accelerating public investment disbursement, particularly for National Target Programmes, would bolster aggregate demand and foster short-term economic growth, according to a report published by the World Bank (WB) on June 19.
Strong disbursement of public investment, especially from the second quarter of this year, has helped increase demands and promote growth of economic sectors, thus contributing to boosting economic growth in the second quarter and the first half of 2023, said General Director of the General Statistics Office Nguyen Thi Huong.
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Illustrative image (Source: baodautu.vn) 
