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11-month public investment disbursement up nearly 20%

An estimated 445.9 trillion VND (over 18.18 billion USD) of investment capital sourced from the State budget was disbursed in the first 11 months of 2022, equivalent to 74.9% of this year’s target and rising19.9% year-on-year, according to the General Statistics Office (GSO).
11-month public investment disbursement up nearly 20% ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) – An estimated 445.9 trillion VND(over 18.18 billion USD) of investment capital sourced from the State budget was disbursed in the first 11 months of2022, equivalent to 74.9% of this year’s target and rising19.9% year-on-year, accordingto the General Statistics Office (GSO).

In November alone, thefigure reached about 58.5 trillion VND, up 19.7% compared to the same period last year,the office reported.

Statistics from the Ministry of Finance show that 16 ministriesand central agencies, and 29 localities have reported disbursement rates ofover 60%. However, 27 ministries, agencies and 18 localities have recorded theirdisbursement rates below 50%.

Besides causes affecting the disbursementsuch as the increasing prices of material, unfavourable weather conditions, andproblems in land clearance, other difficulties include those related to feasibilitystudy reports, basic designs and total investment of projects.

Prime Minister Pham Minh Chinh has requestedministries, sector and localities to ramp up the disbursement of publicinvestment capital in the remaining month of this year and early 2023.

In addition, the leader also emphasised the need to speedup the appraisal and approval of projects, and strengthen post-audit activities in thedisbursement work./.
VNA

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