PM asks for faster ODA disbursement
VGP – PM Nguyen Xuan Phuc called for drastic measures to be taken to disburse public investment capital on schedule, especially those sourced from State budget, Government bonds, and ODA in favor of the fulfillment of the 2016 socio-economic development plan.
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PM Nguyen Xuan Phuc at the meeting with leaders of the Ministry of Planning and Investment, the Ministry of Finance, and the Office of the Government, Ha Noi, July 6, 2016 - Photo: VGP/Quang Hieu |
PM Phuc made the request while working with leaders of the Ministry of Planning and Investment, the Ministry of Finance, and the Office of the Government.
Statistics showed that, in the first five months, only VND 81.8trillion ( over US$ 3 billion) of public investment was disbursed, meeting 32.6% of the disbursement plan in 2016, which is lower than expectation.
Delegates pointed out a number of causes behind that slow disbursement, such as slow capital allocation of some ministries, agencies, and localities; and wordy and cumbersome procedures; late issuance of a Government’s decree on specific mechanisms in management and investment of national target programs in the 2016-2020 period; weak assessment of capital balance in some public investment projects; difficult site clearance, and poor performance of bidders.
Addressing the meeting, PM Phuc tasked every ministry and sector to review responsibilities of staff in charge; impose tough punishments on cases of late capital disbursement and replace poor-performing bidders.
He also asked for the quick drafting of the Government’s Resolution on acceleration of public investment disbursement in 2016.
Finally, the Government chief assigned the Working Group specializing in speeding up disbursement of public investment projects chaired by Deputy PM Vuong Dinh Hue to monitor the preset goal execution./.
By Khanh Phuong
