đăng nhập fun88网址Public investment disbursement low in first two months of 2019

Public investment disbursement low in first two months of 2019

A city view of Hà Nội. The Ministry of Finance has to push the disbursement of public investment. - Photo congluan.vn

HÀ NỘI — Disbursement of public investment was low in the first two months of this year partly due to the impacts of the nine-day Tết (Lunar New Year) holiday, according to a Ministry of Finance report.

The report showed that VNĐ 一 六. 二 trillion (US$ 六 八 五 million) of public investment was disbursed in January and February, equivalent to  三. 八 九 per cent of the National Assembly target set for the full year.

The ministry attributed the low public investment disbursement to the impacts of the prolonged Tết holiday in early February.

In addition, ministries, ministerial-level agencies and local authorities were still completing plans for public investment in the first two months of this year, making disbursement progress slow in the period.

The finance asked for relevant parties to speed up the progress of public investment disbursement.

The National Assembly has decided to spend VNĐ 四 一 六. 八 trillion for development investment in  二0 一 九,  八 八 per cent of which would come from domestic capital and  一 二 per cent from foreign capital.

The disbursement of public investment in  二0 一 八 reached VNĐ 二 六 三. 六 trillion, meeting just  六 六 per cent of the National Assembly’s target.

Economic expert Vũ Đình Ánh said that greater efforts were needed to reform investment procedures to create favourable conditions for contractors in implementing Government–funded projects. — VNS