PM orders accelerating public capital disbursement
The Government Office has issued the Notice No.262/TB-VPCP dated October 5, 2021 on the Prime Minister’s conclusions at the nationwide teleconference with ministries, centrally-run agencies and localities on stepping up the disbursement of public investment capital this year.
PM Pham Minh Chinh speaks at the event. (Photo: VNA)
Hanoi (VNA)✤ – The Government Office has issued the Notice No.262/TB-VPCPdated October 5, 2021 on the Prime Minister’s conclusions at the nationwideteleconference with ministries, centrally-run agencies and localities onstepping up the disbursement of public investment capital this year.
Accordingly,the PM hailed four centrally-run agencies and 11 localities for disbursing 60percent of the assigned capital plan as of late September, and reprimanded 36ministries, centrally-run agencies and eight localities for completing below 40percent of the target. Asthe COVID-19 pandemic is forecast to remain complicated in remaining months ofthis year, he requested pooling the involvement of the entire political system,strengthening leadership and directions of ministries and agencies, furtherupholding the role of leaders and the sense of responsibility of each individual,in order to accelerate public investment capital disbursement in tandem with ensuringthe quality of works and fighting corruption and wastefulness. Ministers, heads of centrally-run agencies, Chairpersons of People’sCommittees of centrally-run cities and provinces must regularly inspect the pace of investment projects in order to timely discover and tackle arising difficulties in each project, especially key ones,considering it one of the important political tasks this year. TheMinistry of Planning and Investment is responsible for reviewing and streamlining administrative procedures as much as possible, as well as increasing onlineworking to save time and costs. TheMinistry of Finance will publicise monthly results of the work on portals ofthe Government, ministries, centrally-run agencies and localities. The PM’s special working group on solving tacklingdifficulties in projects and others on public investment capital disbursementat ministries, centrally-run agencies and localities must keep a close watch of thesituation as well as promptly fix arising issues./.
Amid the complex COVID-19 situation, accelerating the disbursement of public investment is one of the focal tasks Hanoi will carry out in the remaining months of 2021 to achieve the best possible economic outcomes.
Prime Minister Pham Minh Chinh has asked ministries, sectors and localities to apply measures to speed up the disbursement of public investment capital in an effort to reach 95 percent of the disbursement plan for this year.
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PM Pham Minh Chinh speaks at the event. (Photo: VNA) 
