Slow disbursement should be clarified: investment ministry
Ministries, agencies and localities have been required to report on their implementation of Government Resolution No.60 on tasks and measures to step up the disbursement of public investment in 2016.
Hanoi (VNA) – The Ministry of Planning and Investment (MPI) has sent a document requiring ministries, agencies and localities to report on thei🌱r implementation of Government Resolution No.60 on tasks and measures to step up t♎he 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
The Prime Minister has asked ministries, agencies, municipal and provincial authorities to submit reports on the disbursement of public investment this year.
Ministries, sectors and localities have disbursed over 83 trillion VND (3.73 billion USD) of public investment capital so far this year, completing 33.14 percent of the disbursement plan in 2016.
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Illustrative image (Source: VNA)
