Public investment disbursement improves in seven months
The disbursed capital sourced from the state budget topped VND291 trillion (US$12.3 billion) in the first seven months of 2023, equivalent to 41.3% of the yearly target and rising 22.1% from a year earlier, showing an observable improvement in public investment disbursement, said the General Statistics Office (GSO).
The sum consists of about VND54.1 trillion under the central management, or 40.6% of the target for this type of funding and up 29.4% year on year, and VND236.9 trillion under the local management, 41.5% of the target and up 20.5%.
In the same period of 2022, the disbursed state capital was equivalent to 39.7% of last year’s target and increased 12.3% year on year, data showed.
In July alone, an estimated VND58.5 trillion in public investment was disbursed, growing 28.4% year on year, comprising VND10.8 trillion under the central management (up 31.8%) and VND47.7 trillion under the local management (up 27.6%), the GSO reported.
For 2023, more than VND804.42 trillion from the state budget was assigned to ministries, sectors, and localities.
The Ministry of Planning and Investment has requested these stakeholders ensure a disbursement rate of over 95% as targeted by the Government and the Prime Minister.