State bodies ordered to pay their suppliers faster

The government is to order state bodies and public sector agencies to pay their suppliers faster, in a bid to help ease the cash flow crisis affecting Irish businesses.

8th May, 2010

The government is to order state bodies and public sector agencies to pay their suppliers faster, in a bid to help ease the cash flow crisis affecting Irish businesses.

Government departments are already obliged to pay suppliers within 15 days of receiving a valid invoice, and the government intends to extend the payment deadlines to other areas of the public sector. Formal proposals will be brought forward shortly, according to Batt O’Keeffe, the Minister for...

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