Disbursement of public funding capital was delayed because of the lengthy distance, solely 42% of the plan within the first Eight months of the yr

Thus, in comparison with the identical interval in 2020, the disbursement of public funding capital decreased by 33,488.three billion VND in worth, down 5.8% in comparison with the capital plan assigned by the Prime Minister to manage spending by the State Treasury, equal to 36, 8% of the capital plan assigned by the Prime Minister and the Provincial Individuals’s Committee assigned extra management over spending by the State Treasury (the plan is 499,054.6 billion VND).

Explaining the rationale for the low disbursement of funding capital, the Ministry of Finance stated that the impression of the Covid-19 epidemic for the reason that starting of the yr in lots of provinces and cities needed to implement social distancing in keeping with Directive No. 16. Particularly, 19 southern provinces and cities needed to implement social distancing from July 19, 2021 to current, and Hanoi applied social distancing from July 24, 2021 to current… so it had a direct impression. to the progress of implementation and building of initiatives.

As well as, the sluggish disbursement of funding capital can also be influenced by the sudden improve within the value of uncooked supplies (iron, metal) for the reason that starting of the yr, which additionally partly impacts the mission implementation progress.

On the identical time, the Ministry of Finance additionally emphasised that the allotted quantity of state finances capital in 2021 has not been absolutely allotted as a result of goal and subjective causes.

Particularly, the target cause is because of the traits of the state finances funding plan in 2021, which is applied when the medium-term public funding plan for the interval 2021-2025 till the tip of July 2021 is authorized by the Nationwide Meeting. .

Accordingly, many new building initiatives will not be included within the medium-term public funding plan for the interval 2016-2020 and should look forward to the mid-term public funding plan for the 2021-2025 interval to be authorized by the Nationwide Meeting to have a foundation for classifying them. allocate and assign the state finances funding plan in 2021.

Together with that, the capital plan for 2021 has not been allotted by ministries, central businesses and localities, accounting for 11.04% of the plan assigned by the Prime Minister, so it additionally impacts the implementation and implementation of the plan. public funding capital in 2021.

Notably for overseas capital sources, the response of the ODA donor when consulted could be very sluggish, particularly bilaterally, the time for appraisal and approval of the donor’s bidding paperwork is sluggish, resulting in the delay within the analysis and approval of the donor’s bidding paperwork. The contractor choice interval is longer, and the contract award is delayed in comparison with home initiatives.

Together with that, many goal causes associated to the Tet vacation additionally have an effect on the cost progress of the capital plan in 2021.

So as to pace up the disbursement progress, within the remaining months of 2021, the Ministry of Finance will proceed to direct the state treasury of provinces and cities to enhance the sense of accountability in controlling the expenditure of state finances capital by State Treasury; guarantee management of state finances expenditure in accordance with the provisions of legislation. On the identical time, actively coordinate with the investor to quickly test and take over the quantity, full the paperwork and procedures to ship to the treasury as a foundation for controlling cost of funding capital to keep away from accumulating cost quantity on the finish of the yr.

Phuong Nga

Following Financial Life

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