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Wed 05 May 2009Government pledges to pay all suppliers within 15 days
THE GOVERNMENT will pay all its bills to suppliers within 15 days of their invoicing in a bid to help ease the cash flow crisis facing Irish businesses, Tánaiste and Minister for Enterprise, Trade and Employment, Mary Coughlan said yesterday.
The decision to halve the payment deadline – from within 30 days of invoicing to 15 – was taken at yesterday Cabinet’s meeting and covers all purchases made by Government departments, but not other State bodies and local authorities.
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