PM requests hastened disbursement of public investment

Friday, 2017-08-04 11:47:38
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NDO - Prime Minister Nguyen Xuan Phuc has issued Resolution No.70/NQ-CP on the major tasks and necessary measures to accelerate the disbursement of public investment, amid the slow disbursement of public investment in the first half of this year.

The government leader asked the heads of ministries, sectors and provinces to take on increased responsibility, while comprehensively implementing measures as defined by the Party, National Assembly, and the Government, to disburse all public investment capital as schedule in 2017.

They were also urged to review the legal framework on investment and to quickly remove any obstacles in order to facilitate the disbursement of public investment.

The Ministry of Planning and Investment (MPI) was directed to coordinate with the relevant ministries, sectors and localities to complete investment procedures and allocate mid-term capital to public projects as scheduled in the 2016-2020 period. The ministry will have to report the results to the PM no later than August 10.

The MPI was also assigned to work with the Ministry of Finance to monitor and supervise the monthly disbursement progress and to submit an evaluation report to the PM by the end of January 2018.

Meanwhile, the Vietnam State Treasury must make payment to public projects in order to fully meet the disbursement conditions within four working days.