Government aims to disburse at least 95% of public investment in 2023

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(VOVWORLD) - At least 95% of the public investment budget, or nearly 28.5 billion USD, must be disbursed this year to speed up growth, Prime Minister Pham Minh Chinh said Tuesday.

Government aims to disburse at least 95% of public investment in 2023 - ảnh 1PM Pham Minh Chinh speaks at the conference on public investment disbursement on February 21, 2023. (Photo: VOV)

Prime Minister Chinh told a meeting on accelerating public investment disbursement that public investment is a resource and a driving force for development. 

He emphasized that the disbursement still lags behind schedule, pointing out that unsuitable mechanisms and poor coordination among relevant parties are among the reasons.

The socio-economic development tasks in 2023 emphasize accelerating disbursement of public investment capital and effective implementation of the program on socio-economic recovery and development.

He said these tasks play a crucial role in terms of economy, politics, society, national defense, and security, remove bottlenecks and create a foundation for socio-economic infrastructure. They will lead investment, open up new development spaces, enhance connectivity, maintain macroeconomic stability, alleviate poverty, increase national internal strength, and create a driving force for rapid recovery and sustainable development, Mr. Chinh added.

The Prime Minister requested ministries, sectors and localities to analyze results, limitations and lessons learned, especially the problems that need to be solved, share models and creative solutions to organize the disbursement of public investment capital practically, effectively, flexibly and in accordance with the actual situation.