Capital disbursement for construction projects fail to meet target

According to the Finance Ministry, VND22,769 billion in capital construction investment has been disbursed so far through the State Treasury, fulfilling only 26.4 percent of the year’s set target.

Several ministries and agencies recording a high disbursement rate included the Ministry of Public Security (57.2 percent), the Ministry of Agriculture and Rural Development (30.3 percent) and the Hoa Lac High-Tech Zone (61.1 percent). Nevertheless, 24 units have still not yet disbursed any funds for investment.

Locally, northern Ninh Binh province achieved the highest rate of 72.9 percent, while northern Cao Bang province had the lowest rate of 4.8 percent.

The Ministry of Finance has asked all ministries, agencies and localities to refund the allocated amount of capital to the State budget if they failed to disburse any investment for approved projects before June 2008.

VOV

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