Delegate Tran Van Lam is sad when 1 million billion VND is deposited in the bank but still has to borrow

Delegate Tran Van Lam is sad when 1 million billion VND is deposited in the bank but still has to borrow
Delegate Tran Van Lam is sad when 1 million billion VND is deposited in the bank but still has to borrow

According to National Assembly member Tran Van Lam, the situation of having unspent money is a reality in many fields, not just public investment.

Delegate Tran Van Lam, Member of the Finance – Budget Committee of the National Assembly.

In the period of 2021-2022, when finalizing and reporting, the amount of source transfer is up to 700,000 to 800,000 billion VND, which has not been put into the economy. Plus, the capital construction investment expenses are slow to be disbursed. Capital, money is available but cannot be allocated or allocated and then cannot be disbursed.

According to delegate Lam, more than 1 million billion VND is a huge amount of money remaining in a number of areas such as public investment, salary reform, capital construction investment and a number of recurrent expenditures.

“Everybody is sad when the budget has such a large amount of money. 1 million billion dong cannot promote resources, while we still have to borrow and bear more than 3 million billion dong of interest every year. we also have to borrow 200,000 to 300,000 billion dong, while the money in the safe cannot be spent. It is a waste,” said a delegate who is a member of the Finance and Budget Committee of the National Assembly.

However, delegate Lam said that we should not push public investment money out at all costs, but need to use it effectively. If you give money and lose it, it will be even more pitiful. You can’t be in a hurry to come up with extreme solutions. In budget spending, it is also necessary to be cautious and comply with the law. Because if all processes and procedures are cut, it is easy to lose, negative and wasteful.

Answering the question about removing barriers and opening up public investment capital, Finance Minister Ho Duc Phuc said that it is necessary to use a law to amend many laws soon, including the Law on Public Investment… Representative Tran Van Lam said that we must simplify procedures and processes to shorten the time to prepare documents, prepare investment projects, and make payments. With each step of reducing the procedure, the time will be accelerated and simplified. Congress has made many efforts in this direction. The revised laws such as the Law on Bidding, Law on Price, Law on Land… are all aimed at strengthening management but simplifying and reducing unnecessary cumbersome procedures.

A member of the Finance and Budget Committee of the National Assembly also said that on subjective factors, the speed or slowness in disbursement of public investment capital depends on the management capacity and implementation capacity of the responsible person. As for the objective factor, each locality has different specific characteristics.

For localities with no problems, public investment disbursement is very fast. As for the locality “an inch of land, an inch of gold”, if the wrong compensation is one cup, it will lead to lawsuits, the project implementation process is more complicated and difficult. Therefore, it is difficult to compare the complexity between Ho Chi Minh City and Hanoi with some mountainous provinces…

Answering the question of whether the National Assembly needs a resolution on “clotting” in public investment, delegate Tran Van Lam said that the National Assembly has repeatedly mentioned policies and solutions to speed up the disbursement process. efficient use of capital. Specifically, such as the pilot separation of site clearance from the project. With a number of key transport projects, we have liberated the whole new planning area for land use bidding. This is a different way of doing the law, so it needs to be piloted, done step by step, and then summarized and evaluated.

Previously, on May 25, at a group discussion session on the implementation of the socio-economic development plan, National Assembly delegate Ha Sy Dong (Quang Tri delegation) said that the state budget balance was deposited in The banking system by mid-May has exceeded 1 million billion dong. This is a painful problem, is the paradox of “money in the pocket that cannot be spent”, not returning to the economy due to the congestion in the public investment disbursement channel.

Talking to the press on the corridor of the National Assembly, Finance Minister Ho Duc Phuc said that because of the current public investment disbursement bottleneck, the Ministry of Finance must deposit this amount of the State Treasury into the State Bank at an interest rate of 0 %. ,8 years.

Minister Ho Duc Phuc said that it is necessary to amend the law, including the Law on Public Investment, to overcome this situation. According to the Minister, the current investment preparation stage still has many shortcomings.

The article is in Vietnamese

Tags: Delegate Tran Van Lam sad million billion VND deposited bank borrow


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