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Disbursement rate are accurate, but different in calculation

20:27 | 06/08/2017

VCN- Before the “controversy” between the Ministry of Finance and the State Bank on the disbursement rate of State investment capital plan 2017, the Deputy Minister Vu Thi Mai stated that figures and disbursement rates are accurate, but due to different denominators leading to different rates.

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Illustrative photo.

At the monthly Government’s press conference on August 3rd, 2017, responding to the press’s questions about the difference in disbursement rate of state investment capital between the Ministry of Finance and the State Bank, the Deputy Minister of Planning and Investment Dang Huy Dong explained that according to data from the Ministry of Finance, the disbursement of public investment capital in the first 7 months of 2017 was estimated at 119,367.8 billion VND. If this rate is calculated by the total capital of more than 357,157 billion VND allocated by the National Assembly, the rate shall be 33.4%; but by the total capital of more than of 309,102 billion VND allocated by the Government, the rate shall be 38.6%.

This shows the difference in the calculation for the disbursement rate. Hence, the disbursement rate of 5.8% of the State Bank is calculated by the total capital, and by 56.14% by the capital allocated by the Government

Also explaining this, at the press conference, the Deputy Minister of Finance Vu Thi Mai said that the figures, as well as the disbursement rates, are accurate, however, because the denominators are different, leading to different rates.

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“The National Assembly allocated 73.3 billion VND for the State Banks to disburse, but the Prime Minister only allocated 7.6 billion VND for the State Bank, so 65.7 billion VND has not been yet allocated. Therefore, the State Bank and the Ministry of Finance provided different figures”, the Ms. Vu Thi Mai said.

Therefore, the representative of Ministry of Finance said that these figures will help Ministry of Planning and Investment as well as ministries and sectors to review and consider the capital amount which has not been allocated to report the Prime Minister in order to help ministries and sectors succeed the task and goal of disbursement of state investment capital allocated by the National Assembly.

By Huong Diu/Ngoc Loan