Disbursed public investment capital close to 9% in two-month period

VOV.VN - Disbursed investment capital from the State budget during the initial two months of the year stood at an estimated VND46.3 trillion, equal to 8.8% of the year plan and growing by 10.4% over the same period from 2021, according to data provided by the General Statistics Office (GSO).

Disbursed investment capital from the State budget in February was estimated to be at VND20,500 billion, an increase of 9.9% over the same period from last year.

Most notably, disbursed investment capital managed by the Government reached VND6,400 billion, equal to 6.4% of the yearly plan, an increase of 10.1% over the same period last year.

Disbursed investment capital managed by localities hit a figure of VND39,900 billion, equivalent to 9.3% of the year plan, up by 10.4% on-year.

According to the figures given by the GSO, investment activities underway in the first months of the year mainly focused on the allocation of capital plans for the duration of the year. In addition, new projects which will be allocated capital in the near future are in the process of preparing to complete procedures and investment preparation documents, meaning the focus was primarily on transition works.

Most notably, a number of ministries and localities with large capital volume, such as the Ministry of Transport, have disbursed VND2,972 billion, representing a year-on-year increase of 22.7%. However, compared to the year plan, it only reached 7.2%, lower than the national average.

During the reviewed period, Hanoi disbursed VND 5,509 billion, equivalent to 10.8% of the plan, up 4.7% over the same period from last year. Elsewhere, Quang Ninh disbursed VND2,010 billion, up 15.6% and meeting 11.9% of the yearly plan.