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Disbursement of public investment reaches nearly 60% of yearly plan

by NDO07 October 2020 Last updated at 13:00 PM

The disbursement of public investment in the first nine months of this year is the highest level in the 2016-2020 period.
The disbursement of public investment in the first nine months of this year is the highest level in the 2016-2020 period.

VTV.vn - The disbursement of public investment in the first nine months of this year was estimated at over VND269 trillion, equivalent to 57.2% of the yearly target set by the Government, marking the highest level in the 2016-2020 period.

So far, eight ministries and 23 localities have posted disbursement rates of over 60% including six ministries and six localities reporting rates of over 70%.

However, there remain 29 ministries and ministry-level agencies and six localities have low disbursement rates of below 35%. In particular, 15 ministries and ministry-level agencies and one locality have disbursed less than 15% of the capital from the year’s plan.

The disbursement progress of public investment has seen positive changes since the end of July thanks to drastic directions and measures from the Government and Government Working Groups in a bid to fuel the economy.

In an effort to accelerate the disbursement of public investment in the remaining months of the year, the Ministry of Finance has proposed that the Prime Ministertransfer capital from projects with the disbursement rates of below 60% to urgent projects.

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