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Localities face difficulties disbursing public funds

by VTV414 September 2019 Last updated at 12:59 PM

VTV.vn - By the end of August, the country's public investment disbursement had reached just 38% of its target.

Notably, 18 localities disbursed less than 40%. This has been going on for many years and wasting a resource for economic growth. Projects that use local budget-balancing capital must make a decision permitting investment preparation and investment preparation estimates from the authorities before October 31 in the year that precedes the planning year. The current rate of appointing contractors for constructing and consulting is too low and isn't suitable for the actual conditions in some localities. It's adjusted year by year. This has made proactive planning difficult.

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