Disbursement of public investment in 8 months reaches 51% of yearly plan
A total of 285.4 trillion VND (12.18 billion USD) sourced from the State budget was disbursed in the first eight months of 2022, equal to 51% of the yearly plan and up 16.9% year-on-year.
Hanoi (VNA) – A total of 285.4 trillion VND (12.18 billion USD) sourcedfrom the State budget was disbursed in the first eight months of 2022, equal to51% of the yearly plan and up 16.9% year-on-year.
Of the total, the capital managed by the government isestimated at 50.4 trillion VND, equivalent to 47.7% of the yearly plan, and up18.1% y-o-y, according to the General Statistics Office (GSO).
In August alone, the amount of disbursed public investment reached48.3 trillion VND, up 51.4% y-o-y, of which 8.9 trillion VND was managed by the government, representing an increase of 36.8% against the same periodlast year, and the remainder was managed by localities.
To accelerate the disbursement, the Prime Minister hasassigned six working groups to continue inspections, helping to remove difficultiesand obstacles, and speeding up the disbursement of 2022 public investment allocated to 41ministries and centrally-run agencies and 18 localities that have the resultsbelow the national average (34.47%).
Specifically, on August 29, Standing Deputy Prime Minister Pham Binh Minh, who ishead of a working group, worked with leading officials of the central provincesof Quang Binh and Quang Tri on this work.
During January- August, Quang Binh and Quang Tri reported the disbursementrates of 30% and 34%, respectively.
Reasons for the slow disbursement were attributed to complicated procedures,obstacles in project site clearance, and weaknesses of several investors, consultantsand contractors./.
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Illustrative image (Photo: VNA) 
