Public capital disbursement in January and February reaches $2.35 bln

The disbursement of public investment capital was estimated at over VND60.42 trillion ($2.35 billion) in the first two months of the year, according to the Ministry of Finance (MoF).

The figure accounted for 6.9% of the yearly plan and 7.32% of the target set by the Prime Minister.

The MoF reported that 4 ministries and government agencies and 37 localities registered disbursement rates higher than the national average.

The ministry said some ministries, agencies, sectors and localities failed to allocate the capital as scheduled, affecting the disbursement rate.

Meanwhile, many projects face difficulties in implementing, particularly obstacles relating to compensation and site clearance, thus causing delay.

Last month, more than VND10.38 trillion ($4 billion) of public investment capital was disbursed, equal to 1.18% of the yearly plan and 1.26% of the target set by the PM.