The government has cut public investment projects from 12,000 to 3,000 to avoid spreading them out.

From 12,000 public investment projects proposed by ministries, branches and localities for the 2021-2025 period, the Government has proactively reviewed and reduced them to about 3,000 projects.

That was the response of Minister of Finance Nguyen Van Thang at the National Assembly hall on the morning of June 18 to clarify the opinions of National Assembly deputies at the discussion session in the hall about the socio-economic situation.

Focus investment capital on key projects

“Recently, the Government and the Prime Minister have resolutely directed the establishment of 7 working groups of the Prime Minister and 26 working groups of Government members to implement many solutions to promote the disbursement of public investment capital. Up to now, there have been many encouraging signs, the situation of scattered and fragmented investment in public investment has been basically resolved; instead, investment is focused on large, strategic projects,” said Minister Thang.

Giving a specific example, Mr. Thang said that since the beginning of the term, ministries, branches and localities have submitted 12,000 projects for the 2021-2025 period, but the Government has reduced it to 5,000 projects. In the near future, the Government has determined to reduce it to only about 3,000 projects.

“Thanks to the focus on investment, we have had many breakthrough projects, especially transportation projects. During this term, all national key projects have ensured progress, no project is behind schedule. This is very encouraging and is the basis for us to do better in the coming time, focusing investment capital on key projects. Regarding the budget allocation for local public investment projects, this week we will continue to review to ensure that investment must be focused to be effective,” the Minister of Finance emphasized.

Minister of Finance Nguyen Van Thang. (Photo: National Assembly Media)

Emphasizing the goal of disbursing 100% of public investment capital, creating the opportunity to contribute the most to the country's socio-economic growth, Finance Minister Nguyen Van Thang said that the Government is currently focusing on implementing many drastic tasks and solutions.

“Regarding the handling of public assets when reorganizing the apparatus, the Ministry of Finance is implementing very vigorously, has reported to the Government and the National Assembly to amend the Law on Management and Use of Public Assets, supplement 12 decrees, 1 decision, 2 telegrams and has issued under its authority 1 circular to define the authority of two-level local authorities, decentralize authority for the field of management and use of public assets, standards and norms for the use of office buildings, cars, machinery and equipment,” said the Minister.

Mr. Thang emphasized that in terms of institutions, there are enough. The Ministry of Finance has issued documents and is establishing survey teams to urge and guide ministries, branches and localities on how to use assets after the merger, and which parts must be auctioned. On the other hand, in accordance with the Prime Minister's direction, surplus assets will be prioritized for the fields of education, training, health care, etc.

“The Ministry of Finance will soon advise the Government to give strong instructions in the direction of both guiding and supporting localities in implementing solutions. I hope that the National Assembly delegations of the provinces will work together with the Government to supervise this matter, ensuring that assets are not wasted or used ineffectively,” Mr. Thang stated.

Efforts to make up for the first quarter to achieve the economic growth target of 8%

Regarding the growth target for 2025 and the coming time, according to Minister Nguyen Van Thang, the Ministry of Finance has advised the Government to report to the National Assembly to adjust the growth target for 2025 to 6.5% or more. At the same time, it has developed macroeconomic growth scenarios for the whole country and localities to assign to each industry, each unit, and each agency.

With the strong direction of the Party and State leaders and the participation of the entire political system, economic growth in the first 5 months of the year has shown many positive signs, with the trend of each month being better than the previous month, and each quarter being better than the previous quarter. Many indexes of industrial production, processing, manufacturing, export, FDI attraction, and consumption in the first 5 months of the year achieved double-digit growth.

Forecasting the situation in the second quarter, if there are no unusual developments in June, the first 6 months of the year will continue to achieve many positive results compared to the first quarter, closely following the proposed scenario.

However, he said that to achieve the economic growth target of 8%, it requires great efforts in the remaining 3 quarters to make up for the first quarter: “ Experience over many years shows that the first and second quarters are often lower than the third quarter, and the fourth quarter is higher than the third quarter. On that basis, it is recognized that this is an extremely huge challenge, especially when the forecast for world and regional economic growth is low, we are going against the current .”

Recently, thoroughly grasping the policies of the Central Committee, the Politburo, especially the resolutions on the four pillars and the direction of the Government and the Prime Minister, the Ministry of Finance has advised the Government to submit and issue Resolution 104 with 12 groups of key and focal solutions. The Ministry of Finance, together with ministries, branches and localities, will continue to make efforts to implement in the coming months.

At the same time, the Ministry will closely follow developments in the world and the region, strengthen analysis and forecasting to update specific growth scenarios, mobilize the entire political system to stay calm, have high determination, make great efforts, think innovatively and take drastic actions to achieve the socio-economic growth target by 2025.

Van Hong (VOV.VN)

Link: https://vov.vn/lanh-te/bo-truong-tai-chinh-giam-tu-12000-du-an-dau-tu-cong-xuong-con-3000-de-tranh-dan-trai-post1208103.vov

Source: https://vtcnews.vn/chinh-phu-cat-giam-tu-12-000-du-an-dau-tu-cong-xuong-3-000-de-tranh-dan-trai-ar949611.html