Many projects are stuck in procedures, affecting the disbursement of public investment capital.

In the 11 months of 2023, the total disbursed budget of the whole industry reached 70.74% compared to the total budget used, of which disbursed administrative management expenses reached 75.11%; disbursed public investment capital reached 32.15%.

Through monitoring and synthesizing the results of implementing the budget revenue and expenditure estimates up to the end of November 2023, a representative of the Department of Administrative Finance (General Department of Taxation) said: Some units achieved high disbursement rates such as Quang Ninh Tax Department achieved 99.30% of the estimated expenditure for information technology application; Quang Ngai Tax Department achieved 95.82% of the estimated expenditure for asset procurement; Ha Giang Tax Department achieved 93.51% of the estimated expenditure for asset repair...

However, according to the General Department of Taxation, there are still some units that have just started implementing bidding procedures, leading to slow progress in implementation and disbursement of estimates and capital plans used in 2023, such as: Tax Departments of Soc Trang, Vinh Long, Quang Nam, Thua Thien Hue, Dak Lak...

“Some projects in the group that will start construction in 2023 are still stuck in the process of appraising the construction design to be implemented after the basic design, leading to delays in implementation and disbursement of the capital plan. In particular, some projects that are under construction must adjust and supplement the design; change the type of materials, and construct additional items to comply with new standards, causing delays in construction, acceptance, handover and putting into use, preparing the final settlement documents for the completed project and disbursing the capital plan,” said a representative of the Department of Administrative Finance.

According to Deputy Director General of the General Department of Taxation Phi Van Tuan, public investment creates the foundation for building and perfecting infrastructure, contributing to clearing bottlenecks, creating new momentum and development space, strengthening connectivity and improving the competitiveness of localities and the country.

“Public investment also leads investment and investment capital of the whole society to boost production and business, create jobs, promote growth, and create more favorable conditions for economic recovery and development,” Deputy General Director Phi Van Tuan noted.

The task of disbursing 100% of the budget expenditure estimate; 75% of the public investment capital plan (for projects implemented by the end of 2024) requires the entire sector to make highly concentrated efforts, review each expenditure content, each project, synchronously deploy urgent solutions to implement the expenditure estimate to ensure disbursement according to the requirements of the Government, Prime Minister, and Ministry of Finance, ensure proper processes and procedures, select contractors that meet the requirements of the bidding packages, save and be effective. In particular, it is necessary to summarize and closely evaluate the disbursement of public investment capital in 2023 to implement the State budget expenditure estimate in 2024.