Covid keeps public spending at below 50 pct of plan

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An expressway connects the northern provinces of Bac Giang and Lang Son. Photo by VnExpress/Giang Huy

 

Public spending will not even reach half the full-year’s target by the end of September as the pandemic delays the progress of most projects.

 

A report by the Ministry of Finance released Tuesday said only 47.4 percent would be spent, leaving around VND242.75 trillion ($10.67 billion) in the government’s coffers.

 

Of 114 government bodies and localities, 76 have a spending rate of less than 47 percent, according to the Ministry of Planning and Investment.

 

Full Story: https://e.vnexpress.net/news/business/economy/covid-keeps-public-spending-at-below-50-pct-of-plan-4363700.html

 

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