PM urges acceleration of public investment disbursement

11:02 | 08/07/2016 Economy

Prime Minister Nguyen Xuan Phuc stressed the urgent need to facilitate disbursement of public investment capital at a meeting with ministries, sectors and agencies in Hanoi on July 6 discussing measures to give a boost to public investment disbursement.

PM urges acceleration of public investment disbursement

PM Nguyen Xuan Phuc (standing) speaks at the meeting

The PM attributed the slow progress in disbursement to subjective causes, asking each ministry and sector to learn from experience, review and strictly punish delays, and replace the construction units of public-invested projects who are behind schedule or do not meet requirements.

The government is determined to disburse all the planned capital from the sources of state budget, government bonds and official development assistance, contributing to realising the goals and plans for 2016, PM Phuc said.

He requested ministries and agencies to rapidly address capital allocation procedures; quickly and effectively deal with all formalities relating to basic construction investment and allocate all the capital as planned; immediately issue mechanisms to regulate the national target programmes; and speed up land clearance to boost the progress of projects.

The Government Office was instructed to collect contributory ideas and submit them to the PM this week for promulgation of a government resolution on accelerating the progress of public investment disbursement in 2016.

PM Phuc asked for no delays in disbursement, assigning Deputy PM Vuong Dinh Hue to organise periodic meetings with stakeholders to inspect the situation and facilitate disbursement of public investment capital.

At the meeting, the Ministry of Planning and Investment reported on the situation of public investment disbursement and proposed some recommendations for each ministry and sector in order to boost the disbursement progress./.


Source: NDO