Improving the capital payment process for construction projects funded by the State budget

The capital payment process for construction investment plays a crucial role in ensuring project progress, reducing losses and waste, especially for projects funded by the state budget. The legal regulations governing this process generally meet management requirements, simplify administrative procedures, strengthen decentralization, and increase transparency in the responsibilities between project owners and payment agencies within the control and payment process. However, there are still several limitations in this process that affect disbursement progress and investment efficiency. This paper will analyze the current situation of capital payments for construction projects funded by the state budget, identify existing issues and their causes, and propose several solutions to improve this process.