12 agencies and 16 localities have not yet allocated public investment plans for 2022

Necessary to direct drastically implementation of foreign loan disbursement from now until the end of the year

Illustrative photo. Internet

Regarding the allocation and disbursement of the five-month state budget investment plan in 2022, a report of the Ministry of Planning and Investment showed that ministries, central agencies and localities have actively implemented the State budget investment plan in 2022 and provided specific solutions to promote disbursement of public investment capital.

As of May 31, the total capital of ministries, central agencies and localities allocated to projects that are eligible for disbursement in 2022 meets 92. 9% of the capital plan allocated by the Prime Minister. The disbursement is expected at 22.37% of the plan; 41 of 51 ministries, central agencies and 18 of 63 localities show low disbursement rates.

In May 2022, six working groups has removed difficulties and expedited disbursement of public investment capital in 2022, and promptly pointed out the shortcomings, limitations, and obstacles in the implementation and in regulations, as well as identifying the causes of limitations and proposing solutions to overcome them.

In order to expedite the disbursement of the State budget investment plan and strive to disburse 100% of the assigned plan, under Resolution 77/NQ-CP of the regular Government meeting in May 2022, the Government requested ministries, central agencies and localities to drastically implement the proposed tasks and solutions.

Accordingly, the Government ordered a review and clarification onthe causes and responsibilities for 12 ministries, central agencies, and 16 localities that have not yet allocated all investment plans in 2022 until May 31, and five central agencies that have not disbursed, as reported by the Ministry of Planning and Investment.

The Government assigned the Ministry of Planning and Investment to list the concerned ministries, central and local agencies on the National Information System on Public Investment and the Ministry’s website. These ministries, central and local agencies must report to the ministry and Government at the Regular Government Meeting in June 2022.

The Government also asked for the roles and responsibilities of the heads of ministries, central and local agencies in the disbursement of public investment capital. The heads must direct the removal of difficulties and problems related to land and natural resources; review and finalize mechanisms, policies and laws on public investment, land, construction and related laws towards decentralization and streamlining of procedures; review and transfer capital investment plans from slow disbursement projects to good disbursement projects; report disbursement results as well as investment efficiency; and strengthen inspection and examination, tighten discipline and strictly handle violations.

The Government requires units to quickly and effectively comply with the Prime Minister’s Decisions on allocating the central budget capital investment plan for the 2021-2025 to localities and the central budget estimate in 2022 for implementation of three National Target Programs.

The Government requested units do not revise down the medium-term public investment capital plan for 2021-2025 of ministries, central agencies and localities corresponding to the undisbursed planned capital in 2021 and the deadline for implementation and disbursement and the estimate cancellation in accordance with the Law on State Budget must not be extended.

Ministries, central agencies and localities also are requested to re-allocate the central budget capital plan for 2022 and subsequent years equivalent to the amount of capital that has not been disbursed by the end of 2021, whose estimates have been canceled for projects to ensure the sufficient allocation according to the assigned medium-term public investment capital plan.