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Public investment disbursement reaches US$10.9 billion in January-August

VGP - As of late August, the total amount of disbursed investment disbursement was estimated at VND274,501 billion (US$10.9 billion), equivalent to 37.01 percent of the initially whole year target, according to the Ministry of Finance (MoF).

Posts Khanh Phuong

September 04, 2024 1:37 PM GMT+7

The above rate is lower compared to 39.55 percent of the same period last year, said the Ministry of Finance.

This year, the Government planned to disburse VND677,944 billion in public investment capital, including VND245,595 billion from central budget and VND432,348 billion from local budget.  

Best performing ministries, agencies and localities include the Ministry of Agriculture and Rural Development (58.39 percent), the Ministry of Transport (49.67 percent), Mekong Delta's Long An province (79.35 percent), central Ha Tinh province (64.98 percent) and central Thanh Hoa province (64.05 percent).

Meanwhile, disbursement rate for the socio-economic recovery and development program reach 79.32 percent.

The Ministry of Transport and the Ministry of Public Security reported the highest disbursement volume, with 100 percent.

However, some localities, ministries and agencies remain slow in disbursing this capital resources.

The Ministry of Finance urged ministries, agencies and localities to take measures to speed up the disbursement of public investment capital in order to materialize the target of 95 percent set by the Government.

The Government considers public investment capital as the key investment resource which would help stimulate private investments, contributing to unlocking great potential for national socio-economic development.

From that perspective, the Government requested the Ministry of Finance to publish the outcomes of public investment capital disbursement of all ministries, agencies and localities on monthly basis./.