August 15, 2020 08:22

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High determination of disbursing 100% of public investment capital

19:47 | 27/07/2020

VCN –The announcement of the Prime Minister’s conclusion at the Online Progress meeting for urging the implementation of public investment in 2020 stated clearly the objective is striving to disburse all of the public investment capital planned for 2020 and preceding years.

high determination of disbursing 100 of public investment capital
illustration image. Source: Internet

Attached responsibility of leader

The Prime Minister requested ministries, authorities and localities to clearly identify the shortcomings and weaknesses in the stages from giving directives, administration and managing to organising the implementation of investment projects. Determining the direction, inspection, urging and timely handling of difficulties and obstacles in the disbursement of public investment capital, especially problems related to investment procedures, site clearance and acceptance procedures, settlement of investment capital were the central tasks of the Party committees and authorities.

From there, suggesting specific and synchronous solutions, promptly remove barriers, difficulties, obstacles, clear congestion points, overcome weaknesses and accelerate the disbursement of public investment capital.

Launching the emulation movement at each level, sector, agency and unit to focus on promoting disbursement of public investment capital in the remaining months of 2020; at the same time, promoting foreign direct investment (FDI) and private investment to create a driving force to contribute to socio-economic recovery and development.

Formulate an action plan with specific plans on public investment to have specific solutions to remove difficulties and obstacles in site clearance compensation, bidding. Regularly reviewing, checking and urging to avoid tardy situation, capital backlogging, capital construction debts, backlogs of dossiers of processing investment project procedures; accelerate acceptance, settlement, avoid accumulating work to the end of the year. Review the disbursement progress of each project to promptly make a transfer plan in accordance with its competence or report to the competent authority, ensuring the effectiveness of investment capital.

Assigning responsibilities to each leader of a ministry, central and local authorities. Attaching the responsibility of the leader of the authority or unit to disbursement results, considering this as an important basis for staff evaluation, emulation, rewards and discipline for officials.

In case of failure to complete the disbursement plan according to the schedule, the responsibility of the collective, the head and relevant individuals must be reviewed; resolutely against stagnation, corruption and negativity in public investment; transferring, reviewing and handling cases of delay and violations in accordance with regulations.

Transferring slow rate of disbursement projects to high demand disbursement projects

For capital planned for 2020, which has not been assigned to each project yet, the Prime Minister requested ministries, agencies and localities urgently allocate before July 31, 2020; if exceeding this time limit, the Ministry of Planning and Investment would work with the Ministry of Finance to review, summarise and report to the Prime Minister and the Government for transferring to other ministries, agencies and localities with high disbursement ability, need to accelerate the completion of the project in 2020.

The Prime Minister also assigned the Ministry of Planning and Investment to work with the Ministry of Finance and concerned ministries, agencies and localities to review the capital for 2019 extending to 2020, summarise and report to the Prime Minister in August 2020 for consideration and transferring projects with a slow rate of disbursement or ineligible disbursements of projects to high demand disbursement projects that must be completed in 2020.

The Ministry of Planning and Investment worked with the Ministry of Finance and other ministries, central agencies and localities to urgently review and synthesise the situation of disbursement of the plan for public investment capital from the central budget in 2020 (including ODA capital) and the needs of supplementing fund of ministries, central agencies and localities; on that basis, propose to the Prime Minister and the Government in August 2020 for considering and transferring the capital plan among ministries, central agencies and localities within the total amount of central capital already approved by the National Assembly.

The Prime Minister will hold a briefing meeting once a month with ministries, central agencies and localities on promoting disbursement of public investment capital. Ministries, central agencies and localities should periodically review and update results of disbursement, difficulties, problems and proposals, sending to the Ministry of Planning and Investment for summarising and reporting to the Prime Minister.

By Hương Dịu/Thanh Thuy