Days to pay : 30max !
The 30max campaign aims to urge public administrations to respect the terms of the revised EU Late Payment Directive and pay bills to businesses within 30 days. Too many public bodies in the EU delay payments to businesses, often far, far beyond a one month period with sometimes devastating consequences, particularly for smaller companies. Public contracts make up about one-sixth of the EU’s GDP, so the campaign coordinator, EUROCHAMBRES, views the simple measure of paying public bills on time as crucial to restoring cash-flow in the economy. It is also crucial to restoring businesses’ confidence in Europe’s policy makers.
Did you know, that…
- The public sector is the slowest payer in the EU?
- The average payment duration for public sector in Europe is 61 DAYS?
- The average payment duration for transactions with the public sector is 162 DAYS in southern countries, while only 32 in the north?
- It takes 170 DAYS to get paid by public sector in Italy?
- Only 6% of businesses feel that their government helps to protect them from the risk of late payment?
- About 53% businesses expect a loss of income due to late payments?
- About 57% businesses expect a liquidity squeeze due to late payments?
- About 45% businesses expect reduced growth perspectives due to late payments?*
* Source: Intrum Justitia, EPI 2012 and EPI 2013