MORE than nine out of 10 government departments pay suppliers within 15 days, it has emerged. Small Business Minister John Perry said almost 60,000 payments were made in the last three months of last year, amounting to just under €1.13bn.
He said 52,362 of those – valued at just under €1.08bn – were paid within less than two weeks of being billed.
"In value terms, this represents 96pc of the total payments made by government departments, which clearly demonstrates that departments are continuing their efforts to comply with the government requirement to pay business suppliers within 15 days of receipt of a valid invoice," Mr Perry added.
The junior minister said his department was running a campaign aimed at providing information on the late payment directive, which came into effect last March to improve practices in commercial transactions between businesses and public authorities.
"It is clear that Irish business, particularly small businesses, continue to face many challenges, one of these being the issue of late payments," he said.
"However, I am confident that through the measures which have recently been introduced, we can address the culture of late payments at both national and EU level."
The latest set of quarterly composite figures was released by the Department of Jobs, Enterprise and Innovation.
Mr Perry said agencies who work under the auspices of his department made 21,939 payments, amounting to €50.7m over three months.