Two-month disbursement of public investment up 10.4 percent

Illustrative image. (Photo: VNA)

Hanoi (VNA) –Disbursement of investment capital sourced from the State budget was estimatedat 46.3 trillion VND (2.02 billion USD) in the first two months of 2022, up10.4 percent from the same period last year and completing 8.8 percent of theyearly target, according to the General Statistics Office (GSO).

Of the sum, 6.4 trillion VND is centrally-managed capital and the rest is underthe control of localities, the GSO said.

About 20.5 trillion VND from the State budget was disbursed in February, an increase of 9.9 percent year-on-year.

This year's Tet (Lunar New Year) holiday fell in February while investment activities inthe first months of the year mainly focus on the capital allocation plans, theGSO said.

In the first two months of this year, the Ministry of Transport disbursed 2.97 trillion VND, an increase of 22.7 percent over last year’s figure butfulfilling just 7.2 percent of the yearly target.

The disbursed investment ofHanoi was over 5.5 trillion VND, up 4.7 percent from the same period last yearand meeting 10.8 percent of the set target.

To speed up the disbursement of public funds in 2022, the Ministry of Planningand Investment has requested leaders of ministries, agencies and localities tostrengthen the implementation of the 2022 State budget investment plan andupdate the capital investment plans in 2021 on the national information systemon public investment./.

VNA