Lang Son reviews public investment disbursement in 2019

(LSO) – Vice Secretary of Lang Son province’s Party Committee and Chairman of the provincial People’s Committee Pham Ngoc Thuong on September 11 chaired a conference to review the disbursement of public investment plan in 2019.

According to the State Bank’s chapter in Lang Son, by the beginning of September, the disbursement of public investment assigned by the Government in 2019 reached 1.425 trillion VND out of the 2.043 trillion VND, equal to 69.8 percent of the set plan.

Regarding the disbursement of all capital sources assigned by the Government and the provincial People’s Council, also in the time under review, the locality disbursed 2.115 trillion VND out of the 3.822 trillion VND, or 55.3 percent of the year plan, 11.3 percent higher than that of the same period last year.

Chairman of the provincial People’s Committee Pham Ngoc Thuong speaks at the conference.

Local authorities have given drastic and synchronous directions related to the work. Apart from assigning the plan of public investment earlier than the previous year, provincial leaders and officials from relevant departments and sectors have regularly inspected each project, especially key ones.

However, there are still some cases of slow disbursement including fee collection at border gates, land use fee, and the population target programme.

At the meeting, representatives of the investors assigned to manage capital sources with high disbursement results shared their experience in disbursing public investment.

Investors with low disbursement results pointed out limitations, especially in direction, saying that the direction work for the implementation of the projects has not been closely followed.

Speaking at the event, Chairman of the provincial People’s Committee Pham Ngoc Thuong criticized a number of units, such as Lang Son city and the districts of Huu Lung and Binh Gia, which have not yet drastically directed the implementation of public investment projects and have low disbursement results.

He asked investors to focus on accelerating the construction of public investment projects, especially the national target progammes, and enhance coordination to remove difficulties in the land clearance work.

The official reminded that investors absolutely must not cut the budget or transfer the capital source that they could not disburse, which happened in 2018.