Ministry gives more information about public investment disbursement
The Ministry of Finance on July 26 provided more information about the State Bank of Vietnam (SBV)’s disbursement ratio of planned investment capital sourced from the State budget in 2017.
Hanoi (VNA) – The Ministry of Finance on July 26 provided more information aboutthe State Bank of Vietnam (SBV)’s disbursement ratio of planned investmentcapital sourced from the State budget in 2017.
Accordingto the National Assembly’s Resolution No. 29/2016/QH14 dated November 14, 2016 onallocating State budget in 2017, the SBV is assigned to disburse 73.38 billionVND (nearly 3.23 million USD).
UnderDecision No. 2562/QD-TTg dated December 31, 2016 by the Prime Minister on theallocation of investment capital from the State Budget in 2017, the SBV ispermitted to disburse a total capital (domestic capital) of 73.38 billion VND (nearly3.23 million USD), with 7.64 billion VND being allocated in line with regulationsand the remainder, worth 65.73 billion VND, was arranged not in line withregulations.
Accordingto a report of the State Treasury, by June 30, the SBV had disbursed 4.29 billionVND, completing only 5.8 percent of the plan.
Thebank was also requested to work with the Ministry of Planning and Investment toexamine the capital amount worth 65.73 billion VND, which was not properlyallocated or lack of detail information and data concerning investment purposes,and reported the result to authorised agencies.-VNA
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