Dáil Éireann Debate, Wednesday - 15 September 2021
390. Deputy Catherine Murphy asked the Minister for Defence the amount paid in late interest payments and penalty payments by his Department in each of the years 2017 to 2020 and to date in 2021 in respect of late payments being made to suppliers, service providers and contractors in tabular form; and the measures he has put in place and or is implementing to reduce late payment interest and penalty payments. [43999/21]
View answerDetails of the amount of interest and compensation paid in respect of late payments to suppliers, service providers and contractors for goods and services supplied to my Department and the Defence Forces for the years 2017 to the year to date in 2021 are outlined in tabular format below:
|
Year |
Late Payment Interest € |
Compensation Costs € |
|
2017 |
917.76 |
4,290 |
|
2018 |
1,102.40 |
6,400 |
|
2019 |
1,476.66 |
4,260 |
|
2020 |
4,772.36 |
11,940 |
|
2021 (to 31 Aug) |
464.62 |
3,060 |
My Department is committed to paying its suppliers promptly and complies fully with the provisions of the Prompt Payment of Accounts Act 1997 and its associated Regulations. In that regard, strong systems are in place as part of internal corporate governance arrangements, including appropriate training and regular communications to ensure that all relevant stakeholders are conscious of the ongoing need to observe good financial management practices and to comply with the provisions of this Act and its associated Regulations.
