Disbursement of public investment in April sees highest rise in five years

In the first four months of 2021, the total disbursement of public investment reached VND98.7 trillion (US$4.3 billion), equivalent to 21.5% of the yearly target and up 16.3% over the same period in 2020.

Of the total, the disbursement of public investment capital managed by central agencies was VND15.1 trillion, up 25.5% while that managed by local agencies was VND83.6 trillion, up 14.8%.

Thus, the disbursement of public investment from the State budget in April and in the first four months of this year reached its highest level in the 2017-2021 period, the GSO stated.

According to the GSO, ministries, sectors and localities have focused on promoting the disbursement of capital from the State budget in recent months thanks to the effective control of the COVID-19 pandemic in Vietnam. As a result, the disbursement of public investment in April and in the first four months of this year reached its highest level since 2017.

Localities and ministries reported high disbursement rates including Thai Binh (76.74%), Ha Nam (50.57%), the State Audit (46.89%), Hung Yen (43.21%), Thanh Hoa (42.39%) and Quang Ninh (39.62%).