Binh Phuoc Provincial People's Committee meets on the disbursement of public investment

According to the report at the meeting, the total capital plan assigned in 2020 is 4,764,667 billion dong. As of August 4, the province has disbursed VND 1,356,297 billion, reaching 28.5% of the plan assigned by the province and 50.8% compared to the target assigned by the Central.

For central capital, the province has disbursed 285,761 billion VND, reaching 38%, for local capital disbursement was 1,097,536 billion VND, reaching 26.9%. Bu Dop is the leading unit in disbursing public investment in the province, reaching 70.6%. Next, Hon Quan district reached 48.8% and Loc Ninh reached 41.3%. The lowest is Phu Rieng District 11%.

Total budget revenue from the beginning of the year until now is 4,521 billion Dong, reaching 65% of the estimate assigned by the Ministry of Finance and 44% of the adjusted estimate of the Provincial People's Council, up 4% over the same period.

Revenues accounting for a large proportion of the total budget revenue from the beginning of the year until now are lottery revenue, personal income tax, local state-owned enterprises and foreign-invested enterprises.

 4 districts and 1 town collect over 65%, including Chon Thanh, Bu Dang, Loc Ninh, Dong Phu and Phuoc Long. The total budget expenditure from the beginning of the year until now is VND 6,197 billion, accounting for 64% of the estimate assigned by the Ministry of Finance and 47% of the adjusted estimate of the provincial People's Council, up 19% over the same period.

The director of the Department of Planning and Investment said that the progress of disbursement of public investment is still slow compared to the assigned capital plan. The reason is that the investment approval procedures for some projects are slow, land entanglement and land use fee collection are low, so there is no capital to disburse.

The quiet real estate market is also the reason for the budget revenue not reaching as expected. The situation of Covid-19 disease directly affected the progress of the project, resulting in slow disbursement. The Director of the Department of Planning and Investment suggested that the projects that have not been completed in August 15, need to be determined to cut or transfer capital for better disbursement projects.

In conclusion of the meeting, Chairman of Provincial People's Committee Tran Tue Hien requested districts, towns and cities; Departments and sectors focus on reviewing projects and works that are behind schedule to take measures to accelerate the disbursement progress of public investment.