Ministry of Finance urges rapid disbursement of public investment capital in 2024

Accordingly, the Ministry of Finance urges ministries, branches and localities to promote disbursement of public investment capital in 2024, seriously and drastically implementing solutions to promote disbursement of public investment capital according to Government regulations.

Specifically, ministries, branches and localities shall carry out detailed allocation in accordance with the provisions of the State Budget Law and the Public Investment Law. Among them, carefully review and allocate capital in a concentrated manner, not spread out, in the correct order of priority, to the right subjects for tasks and projects that have completed investment procedures and are capable of disbursement; focus on arranging enough capital plan for 2024 for important national projects..., avoid spreading allocation; do not allocate capital to projects that are not capable of disbursement.

At the same time, direct investors and project management boards to speed up the progress of completing investment procedures, preparing, appraising and approving project designs and estimates, determining timelines for completing contractor selection procedures, approving bidding results, and speeding up the progress of signing contracts for new projects and packages to be implemented in 2024. Immediately after the contract is signed, coordinate with contractors to implement advance payment procedures according to regulations so that contractors with capital can immediately prepare necessary conditions, supplies and materials for construction work.

For compensation, support and resettlement, the entire local political system is involved, assigning specific tasks and responsibilities to each implementing unit. In addition, strengthen propaganda and mobilization, especially clearly explaining legal regulations on land compensation prices and compensation and support policies for people to implement together. At the same time, promptly report specific difficulties and obstacles that slow down the progress of compensation, support and resettlement; do not let delays or lack of allocated capital occur.

The Ministry of Finance also requested ministries, branches and localities to resolutely transfer capital from slow-disbursement projects to projects that have been settled, projects that have been completed but still lack capital, and projects with good disbursement progress. Localities are responsible for managing and using capital transferred from key projects, projects with inter-regional connectivity, and coastal roads to ensure efficiency and compliance with legal regulations.

Identifying the disbursement of public investment capital in 2024 as a key task of the entire political system, the Ministry of Finance requires ministries, branches and localities to continue to uphold the responsibility of leaders in directing, supervising and urging disbursement. In addition, publicize the implementation results of units, link the disbursement results of each unit with the assessment of the results of officials; review and criticize cases that do not complete the plan; promptly reward and encourage typical examples in removing obstacles and speeding up the implementation and disbursement of capital plans.

Also in this document, the Ministry of Finance requested ministries, branches and localities to urgently allocate detailed capital for the 2024 state budget public investment plan for each task and project that has met the conditions for capital allocation according to the provisions of the law on public investment and current regulations of the Government, and send it to the Ministry of Finance as a basis for inspection of the allocation and payment of the 2024 state budget capital investment plan.

The Ministry also noted that with the Socio-Economic Recovery and Development Program, in 2023, the National Assembly allowed capital adjustment between the tasks and projects of the Program and the tasks and projects under the medium-term public investment plan for the period 2021 - 2025. Therefore, ministries, branches and localities shall determine the amount of capital to be repaid in each year of 2024 and 2025 in accordance with the Resolution of the National Assembly, ensuring that by the end of 2025, the plan for tasks and projects under the Program will be fully repaid.

The Ministry of Finance said that the Ministry has implemented the import of TABMIS in 2024 from level 0 to level 1 for ministries and central agencies; at the same time, it is implementing the import of TABMIS in 2024 from level 0 to level 4 for localities.

Circular No. 123/2014/TT-BTC of the Ministry of Finance guiding the organization, operation and exploitation of TABMIS stipulates that the deadline for entering the budget estimate is no more than 10 working days from the date of receipt of the budget assignment document (for the official annual budget assignment), and in case of additional and adjusted assignment, no more than 5 working days.

Therefore, the Ministry of Finance requests ministries, branches and localities to urgently enter budget estimates on TABMIS within the prescribed time so that financial agencies have a basis for approval and ensure budget disbursement for projects.

For the capital allocated to recover advanced capital, complete the budget entry for the projects immediately after the decision to allocate capital is issued by the competent authority. At the same time, ministries, branches and localities direct investors to coordinate with the State Treasury to immediately implement procedures to recover advanced capital and account for payments for projects according to regulations.

For the capital allocated to pay off basic construction debts, allocated for transitional projects, completed in 2024, complete the budget entry for the projects immediately after the capital allocation decision is issued by the competent authority. Ministries, branches and localities direct investors to base on the assigned plan, complete payment procedures and send them to the State Treasury for control and payment.

For newly started projects, ministries, branches and localities direct investors to complete procedures for opening accounts and granting budget relationship unit codes to have a basis for entering budget estimates for projects eligible for allocation according to regulations.