Disbursement Reaches 60.37% of Full-year Plan in 10 Months

9:53:24 AM | 17/11/2020

As of October 23, 2020, the Ministry of Finance received reports on allocation of State investment funds from 52 out of 53 ministries and central agencies and all 63 provinces and cities and received 54 reports on budget allocation for national target programs. The total disbursed value was VND523,650.83 billion, reaching 109.53% of the full-year plan assigned by the National Assembly and the Prime Minister (VND478,105.73 billion).

According to the Ministry of Finance, the budget payment reached 53.36% of the full-year plan as of September 30 and 60.37% as of late October. As for capital plan in 2020, the disbursement rate was 60.14% in nine months and 68.26% in 10 months compared to the plans assigned by the Prime Minister at the beginning of the year (higher than the same period in 2019: 54.69%).

The report also stated that 13 ministries and central agencies and 21 localities were estimated to spend over 70% of the disbursement value as October 31, 2020, with eight ministries and central agencies and seven localities disbursing over 80%: Vietnam Cooperative Alliance, Vietnam Bank for Social Policies, Management Board of Ho Chi Minh Mausoleum, Vietnam News Agency, Vietnam Writers Association, Ministry of Home Affairs,State Audit of Vietnam, State Bank of Vietnam, Hung Yen, Quang Ninh, Thai Binh, Thai Nguyen, Ninh Binh, Ben Tre and Tay Ninh.

Eighteen ministries and central agencies and six localities disbursed below 45% of the full-year plan, with eight ministries and central agencies and one locality (Dong Nai province) spending below 20%.

Source: Vietnam Business Forum