Deputy PM urges quicker disbursement of public investment

Monday, 2019-03-11 22:06:47
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Disbursement during the January-February period reached 4.52%, 2.31 times higher than that of the same period last year, but still at a low level. (Photo for illustration: zing.vn)
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NDO/VNA – Deputy Prime Minister Vuong Dinh Hue recently requested that ministries, sectors, and localities speed up the allocation of public investment, amid the slow disbursement of public investment in the first two months of 2019.

According to a plan approved by the National Assembly, VND416 trillion (US$18 billion) will be spent on development investment in 2019. To date, Prime Minister Nguyen Xuan Phuc has allocated VND355.6 trillion to different projects.

Of the total allocated capital, disbursement during the January-February period reached 4.52%, 2.31 times higher than that of the same period last year, but still at a low level.

Therefore, the Deputy PM urged ministries, sectors, and localities to steer investors to quickly complete procedures to speed up disbursement and construction.

They were required to strictly follow the Government’s Resolution No. 70 on main tasks and measures to speed up capital disbursement, including sending monthly reports on the implementation process to relevant ministries.