Resonating with many other reasons, the complicated development of the COVID-19 pandemic combined with the high price of construction materials … has made the disbursement progress of public investment capital in the first 5 months of 2021 low. That fact requires taking timely measures to remove obstacles and difficulties, speeding up the disbursement of public investment capital to promote economic growth.
The Ministry of Finance said that the estimated disbursement of public investment capital under the 2021 plan in the first five months of the year was only about 102,000 billion VND, only equal to 22.12% of the plan assigned by the Prime Minister, lower than the same period last year. period 2020. Many ministries, branches and localities have very low disbursement rate of public investment capital, reaching less than 15%, such as: Bac Kan has only reached nearly 7%; Only 9% in Can Tho… In particular, there are still eight new ministries whose disbursement rate for public investment is… below 1%.
At the same time, the economic data of the past 5 months of the Ministry of Planning and Investment also show that the main growth drivers now are the three-horse carriage (export, consumption and investment, including public investment). ) are facing more challenges and difficulties before the impact of the 4th COVID-19 outbreak.
The main reason for the low disbursement rate of public investment in the first 5 months of 2021. According to reflections from ministries, branches and localities, because the COVID-19 pandemic broke out again, many localities had to implement distance and blockade, affecting the implementation and construction of many projects. In addition, the price of construction materials increased dramatically, especially construction steel, which at one point increased by 40%-50% compared to the beginning of the year.
These two factors combined with many other subjective reasons have drawn a dark picture about disbursement of public investment capital in the past 5 months. Which can be clearly described in two words “slow & low”!
In fact, public investment plays an important role, especially in the context of the complicated development of the COVID-19 pandemic. If public investment is effective, it will not only create jobs and income for businesses, industries, localities and employees, but also contribute to improving economic infrastructure and promoting growth.
And public investment is considered one of the most anticipated economic growth drivers today. Key public investment projects are slow to be completed on schedule, and public investment disbursement is slow, which not only affects economic growth, affects the completion schedule of projects, but also increases pressure public debt to the State.
In order to accelerate the implementation of projects and disburse public investment capital in the coming time, experts believe that drastic measures should be taken to continue to follow and remove obstacles related to the law. on public investment, on the other hand, strictly implement the solutions set out in the Resolutions as well as the directions given by the Prime Minister and the Government…
Specifically, in the face of complicated developments of the COVID-19 epidemic, affecting the disbursement of public investment capital, especially investment capital in the medium-term plan for the 2021-2025 period, the Prime Minister issued Directive No. 13 2021/CT-TTg requires accelerating the progress and improving the quality of the formulation of medium-term public investment plans for the 2021-2025 period. In which, ministries, branches and localities are required to resolutely overcome the situation. investment is scattered, wasteful, inefficient. Each ministry, branch and locality must carefully review and sharply reduce the number of projects, especially new construction projects; resolutely abolish the “ask – give” mechanism and fight against negativity, corruption and group interests; tighten discipline and discipline; step up decentralization, decentralization, assignment and assignment of duties along with strengthening supervision, inspection, performance evaluation and reward and strict discipline; promptly remove difficulties and obstacles, especially in terms of institutions, administrative procedures, and ground clearance; resolutely cut off investment projects that are not really necessary and ineffective.
According to experts, the slow and lower disbursement, if not handled soon, will definitely have a negative impact on growth.
At the regular Government meeting in May, the Government also pointed out: “Disbursement of public investment is still slow, has not fully promoted its role in stimulating demand, promoting growth and leading private investment” and Therefore, it is necessary to focus on drastically promoting disbursement of public investment capital in the coming time.
Regarding the handling mechanism, for example, through monitoring, if it is found that some localities are still slow or fail to perform well, the leaders of those localities must take responsibility, even have to replace others if necessary. do. Because this is the time when we have to be strong in that, because we don’t have time to wait until next year and still see sluggish infrastructure projects, the risk of falling into a crisis, difficult to recover the economy. The economy is huge.
Meanwhile, the representative of the Ministry of Planning and Investment also said that it is necessary to resolutely handle cases where project-related officials have weak professional capacity or show signs of harassment, negativity, and profiteering. group interests affect the progress of implementation and disbursement; taking the results of capital disbursement of the units in 2021 as the criterion to evaluate the completion of the task of the head.
Therefore, in the short term, besides the permanent task of drastic and effective epidemic prevention, in economic terms, drastically removing and promoting public investment in the second half of the year should become a key priority. , so that along with the recovery of exports and domestic consumption, the economy will bounce back in the second half of this year, helping to recover all the “losses” in GDP growth caused by the COVID-19 outbreak. caused by the 4th time, thereby completing the set goal for the whole year.
In the medium and long term, experts believe that the Government’s promulgation of Directive No. 13/CT-TT is timely and necessary with the goal of total public investment projects from the central budget of the country. period 2021 – 2025 is reduced to just over 5,000 projects. In particular, it is required to resolutely cut off projects that are not really necessary, inefficient, and new construction projects. Ministries, central agencies and localities that have many new projects to be started must ensure that each project has a specific explanation of the reasons and take full responsibility before the Government and the Prime Minister for the success of the project. necessary, investment efficiency and compliance with legal regulations.
Thus, in order for public investment to be really a driving force in creating an infrastructure boost for economic growth and development, those budget dollars must be used for really effective projects. That is, although the number of deployed projects is reduced, it must be ensured that they have been implemented and completed in order to put them into use and promote their effectiveness.
We have been seeing the spirit of the Government that in the coming period, resolutely say no to the situation of “ask – give”, unfinished works with no completion date, scattered resources… Should have It can be believed that, if this spirit is really spread and does not fall into the situation of “hot above, cold below”, we will no longer hear public lament about the situation: as slow as… disbursing public investment as it is now. ./.