Urgently remove obstacles and speed up disbursement of public investment capital

This is a content at the regular meeting in November (9th time) of Hai Duong Provincial People's Committee on the afternoon of November 27.

At the meeting, Standing Vice Chairman of the Provincial People's Committee Luu Van Ban analyzed the difficulties and limitations of each project in the area to assign specific tasks to each relevant agency and unit. In particular, it is necessary to focus and be determined in site clearance work. The Department of Planning and Investment continues to review works and projects that are likely to disburse beyond the original plan to promptly allocate capital. Regarding capital allocation to pay off basic construction debts, localities need to review and propose capital allocation in order of priority, ensuring compliance with legal regulations. The Departments of Planning and Investment and Finance coordinate and propose solutions for projects with outstanding basic construction debts.

According to the report of the Department of Planning and Investment, the total public investment capital plan of the province in 2023 is 7,611.4 billion VND. By November 24, the province had disbursed 3,535.5 billion VND, reaching a rate of 46.5%. If excluding 100 billion VND of increased budget revenue in 2022 transferred to 2023, proposed to supplement development investment expenditure, the disbursement rate would reach 47.1%. Compared to the total allocated capital of 6,908 billion VND, the disbursement rate would reach 51.2%. Hai Duong's estimated disbursement for the whole year of 2023 is about 7,126.2 billion VND, reaching a rate of 93.6%. If excluding 363.7 billion VND expected to be recovered to supplement expenditure savings and proposed to transfer to 2024, the disbursement rate of the province would reach over 95%.