Online event
Governments play a crucial role in maintaining economic stability, and with public expenditure accounting for nearly half of the EU’s GDP, their timely payments are essential for ensuring cash flows, encouraging investment in the green and digital transition, and preventing job losses. On-time payments are particularly crucial for SMEs, who are more dependent on steady revenues to sustain their operations.
As the entities responsible for establishing and enforcing legal payment terms, public authorities are expected to lead by example. However, many EU governments fail to meet their payment deadlines. Findings from a recent report of the EU Payment Observatory highlight widespread non-compliance, with payments from public administrations in most Member States exceeding statutory payment terms. Moreover, suppliers’ data indicate that G2B late payments have worsened since 2019.
During this webinar, the report will be presented followed by a discussion on the issue of delayed G2B payments, the challenges in assessing the full scope of the problem due to insufficient data, the key drivers behind these delays, and best practices that can help improve G2B payment performance across the EU.
The EU Observatory of Payments in Commercial Transactions (EU Payment Observatory) – An initiative of the European Commission; service contract EISMEA/2022/OP/0010. The information and views set out in relation to this event are those of the authors and do not necessarily reflect the official opinion of EISMEA or the European Commission. Neither EISMEA, nor the European Union institutions and bodies or any person or organisation acting on their behalf may be held responsible for the use which might be made of the information contained therein.
