The estimated payment for public investment in the first 8 months of the year reached 37.01% of the 2024 plan. Illustrative photo: Internet

According to the Ministry of Finance, as of August 31, the payment is estimated at VND 274,501 billion, reaching 37.01% of the plan in 2024, reaching 40.49% of the plan assigned by the Prime Minister, lower than the levels of 39.5% and 42.35%, respectively in the same period last year.

The disbursement for the Socio-Economic Recovery and Development Program is VND 4,931.4 billion (reaching 79.32% of the plan assigned by the Prime Minister), the National Target Program is VND 13,812.4 billion (reaching 50.74% of the plan assigned by the Prime Minister).

The Ministry of Finance’s report shows that over the eight months, there were 13 ministries, central agencies and 35 localities have estimated disbursement rates higher than the average rate of the whole country.

The ministries, central agencies and localities have high disbursement rates, including: Vietnam Television (100%), Voice of Vietnam (60.72%), Ministry of Agriculture and Rural Development (58.39%), Vietnam Women's Union (52.7%), Ministry of Transport (49.67%), Long An (79.35%), Ha Tinh (64.98%), Thanh Hoa (64.05%), and Hoa Binh (60.37%).

Capital for the Socio-Economic Recovery and Development Program achieves a high disbursement rate, reaching 79.32% of the plan. Notably, the disbursed capital rate by ministries and central agencies in the 8 months reached 99.77% (the Ministry of Public Security and the Ministry of Transport alone have a disbursement rate of 100%).

However, there are still 31 ministries, central agencies and 28 localities have disbursement rate lower than the average rate of the whole country. Notably, some ministries and central agencies have a disbursement rate of 0% such as the Vietnam Cooperative Alliance and the Vietnam Fatherland Front Committee. Some ministries and central agencies have very low disbursement rates such as: the Ethnic Committee (1.12%), Hanoi National University (2.96%), Ho Chi Minh National University (4.11%), and Ministry of Science and Technology (5.52%)...

Some localities have a disbursement rate of less than 25% such as Ho Chi Minh City (16.58%), Phu Yen (18.76%), Kon Tum (21.58%), Bac Ninh (21.8%), and Quang Ngai (22.8%).

The Ministry of Finance, the low disbursement rate of some localities that have large disbursement plans, have greatly affected the overall disbursement rate of the whole country. For example, Ho Chi Minh City is assigned the disbursement worth VND79,263.78 billion, accounting for 11.8% of the plan assigned by the Prime Minister for the whole country but the city has only disbursed 16.58%; Hanoi is assigned VND81,033 billion, accounting for 12.1% of the plan assigned by the Prime Minister, but it has only disbursed 35.23%.

To achieve the target of disbursing public investment in 2024 at least 95% of the capital plan, the Ministry of Finance requests ministries, central agencies and localities to drastically implement the tasks and solutions to promote the disbursement of public investment of the Prime Minister prescribed in Directive No. 26/CT-TTg dated August 8, 2024.

The Ministry also proposes the Ministry of Planning and Investment to promptly submit to the Prime Minister adjustments to the central budget investment plan in 2024 among ministries, central agencies and localities immediately after the National Assembly Standing Committee issues an adjustment Resolution.