Great pressure to disburse the State budget capital plan in 2023

Contractor to implement construction of the eastern section of the North-South Expressway

Minister of Planning and Investment Nguyen Chi Dung said that the pressure to disburse the state budget capital plan in 2023 is still very large, about 491,000 billion VND.

To achieve a disbursement rate of over 95% as directed by the Government and Prime Minister, Minister Nguyen Chi Dung said that ministries, branches and localities need to focus and be more drastic in implementing solutions to promote disbursement of public investment capital.

Specifically, the Ministry of Planning and Investment pointed out that localities need to assign and adjust capital plans for tasks and projects that the Government reported to the National Assembly at the 5th Session right after the Prime Minister assigned the medium-term capital plan and the Socio-Economic Recovery and Development Program.

At the same time, adjust capital between tasks and projects of the Socio-Economic Recovery and Development Program with projects under the medium and long-term investment plan for the period 2021-2025 that have been allocated capital in the 2023 plan. In cases where adjustment is not possible, a document must be sent to the Ministry of Planning and Investment to synthesize and report to the competent authority for adjustment to other ministries, branches and localities.

Regarding the 2023 capital plan allocated for tasks and projects under the medium-term public investment plan, ministries and localities do not return the 2023 capital plan in accordance with the direction of the Prime Minister in Directive No. 08/CT-TTg dated March 23, 2023.

At the same time, focus on reviewing and recovering advanced capital, reviewing outstanding debts in basic construction of state budget capital according to regulations in resolutions of the National Assembly and instructions of the Ministry of Planning and Investment, and send them to the Ministry of Planning and Investment to report to the National Assembly at the 6th Session (next October).

Minister Nguyen Chi Dung also emphasized that in 2024, public investment will continue to be considered one of the important driving forces to promote socio-economic development, an important political task of all levels, sectors and localities.

This is the year to accelerate the completion of the medium-term public investment plan for the period 2021-2025 when most projects have completed investment procedures. Along with that, we will start building the medium-term public investment plan for the period 2026-2030 and prepare investment for projects expected to be implemented in the following period.

In this context, ministries, branches and localities need to focus on carefully assessing the implementation of the 2023 public investment plan to determine the appropriate state budget capital needs in 2024, close to the disbursement capacity of each project.

For foreign capital, ministries and localities need to propose annual capital plans that ensure a balance in the allocation and re-lending ratios of each project, in accordance with the financial mechanism approved by the Prime Minister.

The Commander of the planning and investment sector also emphasized that ministries, branches and localities should only propose capital plans for projects that are expected to complete investment procedures (investment decisions) by December 31, 2023; at the same time, it is necessary to direct investors to proactively coordinate closely with relevant agencies and units to prepare well the necessary procedures and conditions this year so that capital can be disbursed immediately after being assigned the 2024 capital plan.

The Ministry of Planning and Investment said that in the first 6 months of the year, the disbursement rate of the State budget investment plan had positive changes, reaching 30.49% of the plan assigned by the Prime Minister, higher than the same period last year (27.75%) with an absolute number higher than 65,000 billion VND.

This year, the total state budget investment plan approved by the National Assembly is 711,684,386 billion VND, including central budget capital of 368,403,344 billion VND (domestic capital is 339,403,344 billion VND, foreign capital is 29,000 billion VND), local budget capital is 343,281,042 billion VND.

According to Vietnam+