Ninh Binh speeds up disbursement of public investment capital

The above result was attributed to the promptness and flexibility of Ninh Binh's authorities in allocating public investment capital to units, agencies, localities as well as their due attention paid to pushing these units, agencies, and localities to become more active in implementing projects.

The Ninh Binh People's Committee has constantly worked with other units, sectors, branches and localities in seeking effective measures to accelerate the disbursement of public capital investment allocated for projects, including site clearance, inspection and approval of work items, payment for compeleted work volume, and reallocation of funds, from infeasible projects to others.

By September 15, the province disbursed more than 2.5 trillion VND (108 million USD), reaching 94.8% of the assigned plan.

Of the figure, national target program capital reached over 56.8 billion VND, accounting for 43.46% of the plan; ODA capital reached over VND 120.2 billion, representing to 43.23%; provincial budget capital reached over 1,093 billion VND, equivalent to 87.6%; district budget capital hit over 1.020 billion VND, accounting for 136.4%.

The public investment capital continued to be poured into key projects, such as the Ninh Binh Obstetrics & Gynecology Hospital; a coastal road in Kim Son's district; and a road and channel in Van Hanh.

With such achievement, Ninh Binh was listed among eight ministries, central agencies and localities having the disbursement rate of more than 80%.

To accelerate the disbursement in accordance with the plan, from now to the end of the year, provincial departments, sectors, localities continue to implement the Law on Public Investment, Law on State Budget, and guiding documents of the Government, ministries, branches and provinces on the disbursement of public investment capital.

They are paying heed to addressing obstacles in expediting projects, like land compensation, site clearance, and reallocation of funds of slow progress projects to projects needing investment capital.

Besides, the province will steer the supervision of the use of public investment capital to ensure its right purposes, efficiency and compliance with legal regulations.

Translated by Nguyen Thuy