Disbursement of public funds in 2023 meets 93.12% of target
More than 662.59 trillion VND (27.14 billion USD) of public capital allocated for 2023 was disbursed as of January 31, fulfilling 93.12% of the Prime Minister’s assigned plan, according to the Ministry of Finance.
Hanoi (VNA) – More than 662.59 trillion VND (27.14 billion USD) ofpublic capital allocated for 2023 was disbursed as of January 31, fulfilling93.12% of the Prime Minister’s assigned plan, according to the Ministry ofFinance.
The ministry said on February 1 that some 88.28 trillion VND was disbursed forthe socio-economic recovery and development programme, or 66.4% of the plan.
Sectors, ministries and associations completed 100% of the disbursement targetsincluded the State Bank of Vietnam, the Joint Stock Commercial Bank forInvestment and Development of Vietnam, the Vietnam Television, Vietnam NationalTobacco Corporation, the Vietnam Journalists Association and Ha Nam province.
High rate of disbursement was recorded in Dong Thap province (99.8%), QuangNgai (99.79%), Long An (99.19%), Ba Ria – Vung Tau (98.08%), and Vinh Phuc(96.88%).
In January, over 16.9 trillion VND in public capital was disbursed,accounting for 2.58% of the Government’s plan.
With a view to speeding up public investment disbursement, the Ministry ofFinance proposed ministries, sectors and localities quickly make capital allocation plans for their projects, and work to remove bottlenecks in a timely fashion, striving to disburse atleast 95% of the public investment budgets./.
Amidst global headwinds, Vietnam has worked to step up disbursement of public capital to bolster the economy as Prime Minister Pham Minh Chinh has reiterated the significance of public investment disbursement as a motive to fuel economic growth in short term as well as put in place uniform and modern infrastructure to lure more investment for sustainable development.
As of October 31, the disbursement of public investment was estimated at over 401.86 trillion VND (16.37 billion USD), completing 52.1% of the set plan and 56.84% of the target assigned by the Prime Minister, the Ministry of Finance reported.
As much as 579.8 trillion VND (23.77 billion USD) worth of public investment was disbursed last year, equivalent to 73.5% of the yearly plan and nearly 82% of that assigned by the Prime Minister, according to the Ministry of Finance.
The disbursement of public investment in 2023 was projected to reach 95% of the plan, equivalent to nearly 676 trillion VND (over 27 billion USD), marking the record high so far, according to Deputy Minister of Planning and Investment Tran Quoc Phuong.
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Illustrative image (Photo: baodautu.vn)) 
