The HCM City People's Committee says it is taking drastic measures to speed up disbursement of public funds. (Photo: VNA)HCM City (VNS/VNA) – Ho Chi Minh City targets achieving a 95 percent orhigher rate for disbursement of public spending this year.
It has budgeted for expenditure of more than 35.7 trillion VND (1.54 billionUSD) on nearly 3,500 projects, and achieved 13.1 percent of it as of the end ofApril.
Various traffic infrastructure works have begun but been delayed due to the lowfunds disbursement, according to the Management Board for Traffic Works Constructionand Investment.
To speed up public spending, the city plans to take drastic measures in theform of amending procedures to manage and disburse funds.
It will also address other problems, especially land acquisition, one of thebiggest, that delay disbursement.
The People's Committee also assigned the State Treasury to release funds withinfour working days for all projects, closely coordinating with agenciesoverseeing the works to handle problems.
Le Thi Huynh Mai, Director of the municipal Department of Planning andInvestment, said besides focusing on paying compensation and helping resettlepeople who have to relocate, the city would also step up oversight to ensure efficientuse of resources./.
VNA
