The Government has introduced a series of new measures aimed at enhancing the public sector’s commitment to paying its suppliers within 15 days.
These improvements are designed to support Irish SMEs that provide goods and services to public authorities, ensuring faster payments and improved cash flow. The initiative is also expected to generate savings for the Exchequer while strengthening business confidence in public sector procurement.
The 15-day payment target is definitely a step in the right direction for supporting SMEs. I’m curious though—will there be a way to track whether public bodies are actually meeting this standard over time?