The relevant information in respect of penalty interest is set out in the table below. As can be seen from the table, my Department has reduced the overall level of penalty interest incurred in recent years across its three Votes. Due to the devolved nature of budgeting within the Department, the Finance Unit works with business units where penalty interest has been charged to establish the circumstances as to why penalty interest was charged and to put in place local processes to ensure that it does not reoccur. As well as working with business units throughout the year, the Finance Unit also holds annual training and awareness sessions in order to refresh staff knowledge of public sector financial and procurement rules and regulations. As part of the monthly internal financial management reporting, the Management Board is also provided with details of any penalty interest.
Year
|
Department of Public Expenditure and Reform
Penalty Interest
|
Office of the Government Chief Information Officer*
Penalty Interest
|
Office of Government Procurement
Penalty Interest
|
2017
|
€1,377
|
-
|
€83
|
2018
|
€2,111
|
-
|
€1,091
|
2019
|
€3,034
|
-
|
€194
|
2020
|
€492
|
€459
|
€113
|
2021
|
€473
|
€206
|
€129
|
* OGCIO Vote was established in 2020.