Quang Ngai still has 3,700 billion VND undisbursed

Disbursement is much lower than the national average.

In 2024, the total investment capital plan assigned by Quang Ngai province is 6,902 billion VND. Of which, the local budget source is 5,045 billion VND, the central budget source is 1,857 billion VND.

Up to now, the province has allocated VND 5,698 billion in detail for tasks and projects eligible for capital allocation in 2024; VND 1,205 billion has not been allocated from land use revenue sources that cannot be collected and disbursed, and local budget deficit capital sources.

According to the report of the Department of Planning and Investment, by October 31, the province disbursed about VND 1,940 billion, equal to 28.1% of the assigned capital plan and 34% of the allocated capital plan. It is estimated that by November 30, it disbursed about VND 2,497 billion, equal to 36.2% of the assigned capital plan and 43.8% of the allocated capital plan.

Key projects have very low disbursement rates.

As for the province's 8 key projects, the disbursement rate as of October 31 was only over 21%. Up to now, Quang Ngai still has 3,700 billion VND undisbursed, in which the investor with the largest undisbursed capital is the Provincial Traffic Construction Investment Project Management Board (1,617 billion VND); Provincial Police (143 billion VND remaining).

The local block still has 915 billion VND (Binh Son District People's Committee: 135 billion VND, Quang Ngai City People's Committee: 229 billion VND)... Through preliminary review, it is forecasted that the public investment plan for 2024 will only reach about 57% of the assigned capital plan.

Notably, in 2024, Quang Ngai has 49 projects transferred from 2023 with a total capital of 937.7 billion VND. Of these, 33 projects must be completed in 2024, but by October 31, the province has only disbursed 330 billion VND, reaching 35% of the extended capital plan. It is estimated that by November 30, the disbursement will be 460 billion VND, reaching 49% of the extended capital plan.

In general, the province's disbursement results in the past 10 months were much lower than the national average (52.3%) and lower than the same period in 2023 (49.3%).

In absolute terms, it is lower than 1,400 billion VND; in which, key projects and coastal inter-regional traffic projects have very low disbursement rates and site handover progress.

According to investors, in addition to subjective and inherent causes affecting the progress of implementation and disbursement of public investment capital plans, in the actual implementation process, the disbursement of investment capital also encounters a number of difficulties and problems, especially in site clearance.

Currently, the whole province has only 7 investors disbursing higher than the national average, 9 investors disbursing at the average level, and 10 investors disbursing lower than the national average rate.

Investors in the low disbursement group committed to achieving a disbursement rate of 50% - 99% of the assigned capital plan by December 31. According to estimates from the Department of Planning and Investment, the disbursement rate in the whole province by the end of November 2024 will reach about 40%; by the end of 2024, it will reach about 80%.

Strive for a disbursement rate of 80% or more

Faced with the above situation, at the meeting to evaluate the results of public investment capital disbursement in the first 10 months of 2024, the implementation of key projects, key tasks and works in the last 2 months of 2024 on the afternoon of November 16, Chairman of the People's Committee of Quang Ngai province Nguyen Hoang Giang requested investors with low disbursement rates to discuss solutions to speed up construction progress and capital disbursement in the spirit of not discussing difficulties but only discussing implementation solutions.

Chairman of Quang Ngai Provincial People's Committee Nguyen Hoang Giang.

The entire political system must make more efforts and be more determined, focusing on removing bottlenecks to speed up project implementation progress, striving for the province's disbursement rate to reach 80% or more by the end of 2024.

The Chairman of the Provincial People's Committee also noted that the leaders of the Provincial Traffic Construction Investment Project Management Board - the unit that accounts for a large proportion of the province's public investment capital - need to research solutions, review, and calculate project implementation plans, ensuring the highest disbursement rate, contributing to improving the province's disbursement rate this year.

Local leaders must coordinate closely and support the Provincial Traffic Construction Investment Project Management Board to remove difficulties, focus on compensation and resettlement to soon hand over the site to investors to implement the projects.

Source: https://kinhtedothi.vn/quang-ngai-con-3-700-ty-dong-chua-giai-ngan.html