Ministry of Finance has rectified the report on disbursement of investment capital

	Investment from state budget exceeds VND29 trillion in two months
	Disbursement rate are accurate, but different in calculation
	Accelerating the disbursement of investment capital

Some reports of ministries, sectors and localities are insufficient and often later than prescribed.

According to the regulations, central ministries, sectors and localities must monthly, quarterly and yearly summarize and report on the implementation and disbursement of public investment capital plan from State budget in 2018 to the Ministry of Finance. Accordingly, the Ministry of Finance shall summarize and report the situation to the Prime Minister. Thereby, the Prime Minister shall grasp the situation and give guidance to accelerate the implementation and disbursement of public investment capital plan and boost the social and economic development.

However, according to the statistics from the Investment Department, the reports from ministries, sectors and localities are insufficient, and are often later than prescribed. There are some reports that the Ministry of Finance has received after the allocated time for summarizing and reporting to the Government and Prime Minister. Besides, the forms and contents in ministries, sectors and localities reports, are not unified.

From the beginning of 2018 to now, every month, the Ministry of Finance has only based on the data from the State Treasury to summarize and report to the Prime Minister. Thereby, the summarizing and reporting has not had sufficient information and data to compare between data from ministries, sectors and localities and the State Treasury. Thereby, it faces difficulties in summarizing and comparing economic indicators, especially, in detecting inadequacies and shortcomings in the implementation and disbursement of public investment capital plan to propose the competent agencies for consideration, adjustment and removal in a timely fashion.

Hence, the Ministry of Finance has issued a document requesting ministries, sectors and localities to rectify their reports, and unify the form and content in their monthly reports on the implementation and disbursement of public investment capital plan in accordance with the regulations. Accordingly, the reports must comment and evaluate on the disbursement of public investment capital in the month compared to the assigned plan, and specify the reason for late disbursement (if any) and shortcomings and inadequacies in the implementation, and after that, propose remedial solutions and suggest to competent agencies for their considerations and removal.

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Regarding this issue, the Prime Minister has directed for the intensification, implementation and disbursement of public investment capital plan in 2018. The Prime Minister requested ministries, sectors and localities to strictly conduct the monthly report on the implementation and disbursement of public investment capital plan in accordance with the guidance from the Ministry of Finance.

The Prime Minister also requested the Ministry of Finance to lead and coordinate with the Ministry of Planning and Investment to review ministries, sectors and localities where they have low disbursement rates, and to summarize, propose and report to the Prime Minister on solutions to handle and publish them on the Ministry of Finance’s Portal.