Public investment capital: Adjusted for high disbursement

Tuesday, 29/06/2021, 23:48 [GMT+7]

Public investment capital: Adjusted for high disbursement

In the first 6 months of the year, the disbursement of public investment capital in the province was low. In order for the disbursement rate to reach 100% at the end of the year, Khanh Hoa Provincial People's Committee has made timely adjustments.

According to Nguyen Phi Vu - Deputy Head of the Economic - Budget Committee of the Provincial People's Council, term VI, the disbursement rate of public investment capital plans in the first 6 months of the year is still low. For the group of projects with slow implementation of investment procedures, most of them are transitional projects from the 2016-2020 period to the 2021-2025 period. The Economic - Budget Committee of the Provincial People's Council proposed the Provincial People's Committee to have more drastic measures to direct relevant agencies to quickly implement project investment procedures, quickly implement construction and complete and put into use, and promote project efficiency.
 
In order to disburse public investment capital efficiently, at the first meeting of the 7th Provincial People's Council, the Provincial People's Committee will submit to the Provincial People's Council for the adjustment of capital sources. Accordingly, the province will reduce the capital plan of projects that are stuck due to slow investment procedures or unable to fully disburse the assigned capital plan… with an amount of nearly 211 billion VND. All of this capital will be supplemented for projects with good disbursement progress and in need of additional capital to accelerate implementation. The Provincial People's Committee also allocated nearly 43 billion VND from the unallocated capital from 2020 to 2021 for projects that were expected in early 2021 but have not yet completed the procedures to submit at the 15th session of the Provincial People's Council.
 

 

Salt preventing dam on Cai River
Salt preventing dam on Cai River
 
 
In addition, the Provincial People's Committee continues to direct the departments, agencies, district-level People's Committees and investors to perform well the work of strengthening investment management, handling outstanding debt in basic construction; does not require organizations or individuals to invest capital by themselves when the program or project has not yet been decided on investment policies, has not been approved or has not yet been allocated the planned capital. The provincial People's Committee requested the Advisory Team and the Public Investment Disbursement Team to urge and accelerate the disbursement of projects in the province, focusing on compensation and clearance, investment procedures; identify specific responsibilities of individuals and collectives involved in the failure to complete disbursement of capital plan in 2021…
 
Nguyen Tan Tuan - Deputy Secretary of the Provincial Party Committee, Chairman of Khanh Hoa Provincial People's Committee: The Provincial People's Committee assigned the provincial Department of Planning and Investment to summarize, report monthly and quarterly on the disbursement situation and make recommendations to the provincial People's Committee to consider directing and solving difficulties and problems of the projects. The Department will assume the prime responsibility for and coordinate with the provincial Department of Finance and the State Treasury of the province in continuing to review and advise the Provincial People's Committee to submit to the Provincial People's Council to adjust the public investment plan in 2021 for projects that are behind schedule and cannot afford in order to supplement other projects that need to speed up the progress and disburse well.
 
Dinh Lam
 
Translated by T.T