{"id":1323499,"date":"2024-06-04T13:00:00","date_gmt":"2024-06-04T12:00:00","guid":{"rendered":"https:\/\/www.agriland.ie\/?p=1323499"},"modified":"2024-06-04T12:39:34","modified_gmt":"2024-06-04T11:39:34","slug":"90-of-dafm-suppliers-paid-within-15-days-of-receiving-invoice","status":"publish","type":"post","link":"https:\/\/lightsail.agriland.ie\/farming-news\/90-of-dafm-suppliers-paid-within-15-days-of-receiving-invoice\/","title":{"rendered":"90% of DAFM suppliers paid within 15 days of issuing invoice"},"content":{"rendered":"\n

The Department of Agriculture, Food and Marine (DAFM) paid 90% of its suppliers within 15 days in the first quarter (Q1) of this year.<\/p>\n\n\n\n

That is according to recent data published by the Department of Enterprise, Trade and Employment (DETE).<\/p>\n\n\n\n

It is a government requirement that all central government departments pay their suppliers within 15 calendar days of receipt of a valid invoice. This is known as “prompt payment”.<\/p>\n\n\n\n

This standard also applies to the Health Service Executive (HSE), local authorities and all other public sector bodies, excluding commercial semi-State bodies.<\/p>\n\n\n\n

All government departments and relevant public sector bodies are required to publish quarterly payment performance reports.<\/p>\n\n\n\n

DAFM<\/h2>\n\n\n\n

The data shows that DAFM issued 5,604 payments to suppliers within 15 days between January and March 2024, which was 90% of the payments due in the period.<\/p>\n\n\n\n

The total value of these payments amounted to almost \u20ac35.5 million.<\/p>\n\n\n\n

During the period, 98% of payments (6,106) valued at \u20ac43 million were made by the department<\/a> within 30 days of receiving a valid invoice. <\/p>\n\n\n\n

In the previous quarter, covering from October to December 2023, DAFM issued 8,246 or 73% of payments within 15 days.<\/p>\n\n\n\n

94% of payments (10,565) were made by the department within 30 days during the quarter.<\/p>\n\n\n\n

Education, social protection and foreign affairs were the worst performing government departments in Q1 2024 issuing just 63% of payments within 15 days.<\/p>\n\n\n\n

The Department of Finance came closest to a near-perfect payment record making 98% of payments to suppliers in the 15-day window.<\/p>\n\n\n\n

The majority of departments had paid almost all invoices within 30 days.<\/p>\n\n\n