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Disbursed nearly 45% of public investment capital

On December 2, Vice Chairman of the Provincial People's Committee Vo Tan Duc chaired an online meeting with departments, agencies and localities in the province on the disbursement of public investment capital in 2021.


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Vice Chairman of the Provincial People's Committee Vo Tan Duc delivered a conclusion speech at the meeting

According to the Department of Planning and Investment, the total public investment capital in the province in 2021 after adjustment is more than VND24.4 trillion. As of November 30, Dong Nai has disbursed nearly VND11 trillion of capital, reaching nearly 45% of the 2021 capital plan, and the full year disbursement is estimated to reach more than 66% of the plan. In which, the average disbursement rate of provincial budget projects is more than 53%; The average disbursement rate of district-level capital assigned the plan target is more than 58%. In general, the disbursement of public investment capital in the province is still low. In which, for the current provincial budget capital, there are still 5 units that have not yet disbursed capital.

Assessing the cause of the slow disbursement of public investment capital, the Department of Planning and Investment said that objectively, in 2021, the complicated development of the Covid-19 epidemic has greatly affected the disbursement progress of the public investment capital. Along with that, 2021 is the year of implementing the medium-term public investment capital plan for the 2021-2025 period, so the allocation of capital is slower, so the disbursement volume is not high.

However, the main reasons leading to the slow disbursement of public investment capital over the past time are still subjective reasons such as: investors and consulting contractors are slow to prepare project documents; the dossier appraisal process has not met the requirements and must be revised many times; compensation, site clearance is conducted slowly.

To achieve the goal of disbursing public investment capital to reach 90% or more of the plan for local budget capital, the Department of Planning and Investment has proposed a number of solutions such as: continuing to effectively implement measures to prevent and control the Covid-19 epidemic; regularly review, promptly detect and remove difficulties and problems; localities speed up the site clearance process.

Speaking for conclusion of the conference, Vice Chairman of the Provincial People's Committee Vo Tan Duc said that despite the implementation of many drastic measures, the disbursement rate of public investment capital in the province has so far remained low. This is one of the three unfulfilled targets according to the resolutions of the Provincial Party Committee and the Provincial People's Council in 2021.

To accomplish the goal of disbursing public investment capital in 2021, Vice Chairman of the Provincial People's Committee Vo Tan Duc requested investors and localities to assign leaders responsible for monitoring progress and timely remove difficulties for each project. Disbursement results of each project assigned to monitor are one of the bases for evaluating the completion of tasks in 2021 by leaders of each departments, sectors and localities.

The competent authorities review the implementation of each project, thereby analyzing the group that encounters problems in investment, construction and bidding procedures; The project team has problems with land, site clearance and the project team has problems with capital and disbursement procedures to solve it in a timely manner.

In particular, investors must carefully review the terms of the signed contract to strictly handle contractors and consulting units that slow down and affect the disbursement progress.

Phan Anh

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