Change in the Timing of Disbursement of Public Investment Plan Funds

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To be specific, according to the provisions of Clause 1, Article 68 of the Public Investment Law 2019:

"1. The period for implementing and disbursing funds for the medium-term public investment plan for the previous phase shall be until the end of January 31 of the first year of the medium-term public investment plan for the subsequent phase."

Previously, according to the provisions at Point a, Clause 1, Article 76 of the Public Investment Law 2014:

a) The period for implementing and disbursing funds for the medium-term public investment plan for the previous phase shall be until the end of December 31 of the first year of the medium-term public investment plan for the subsequent phase;

Thus, according to the provisions of the Public Investment Law 2019, the period for implementing and disbursing funds for the medium-term public investment plan for the previous phase will be extended until the end of January 31 of the first year of the medium-term public investment plan for the subsequent phase. Compared to the old regulation, the implementation period has been extended by 1 month.

In addition, the Public Investment Law 2019 also clearly stipulates the period for carrying out and disbursing funds for the annual public investment plan until the end of January 31 of the following year. Meanwhile, the old regulation in the Public Investment Law 2014 only generally stipulated that the implementation period would be extended to the following year (Point b, Clause 1, Article 76 of the Public Investment Law 2014).

It can be seen that, compared to the regulations in the Public Investment Law 2014, this Law has made changes as well as detailed and specific provisions regarding the time frames for implementing and disbursing funds for the investment plans, thereby improving the legal system and enhancing the effectiveness of public investment activities in our country.

Toan Trung

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