SANTA CRUZ DE TENERIFE, 29 Apr. (EUROPE PRESS) –
The Government of the Canary Islands closed last March with an average payment period of 14.58 days, less than half the term legally established for this, located in 30 days, as reported by the Vice President of the Government of the Canary Islands and Minister of Finance, Budgets and European Affairs, Román Rodríguez.
The Canarian vice-president valued the diligence of the different regional departments in this matter, which “has been shown both in periods of normality and in crisis situations”. He stressed that in the 33 months counted, the Executive “has more than fulfilled the average payment period in 30 of them and has occupied the first positions among the autonomous communities.”
Román Rodríguez highlighted the importance of this indicator, especially in a territory like the Canary Islands, in which the Autonomous Administration “has emerged – due to the economic crisis derived from covid – as the largest contributor of wealth to the economic system, in terms of Gross Domestic Product (GDP)”.
“It is very important that the Government respond to our companies and self-employed providers with agility, offering certainty, security and liquidity to them,” said the vice president, who added that this circumstance “becomes more pressing if possible in periods of uncertainty such as the current ones”.
According to data from the General Intervention, the Autonomous Community has closed the first quarter of the year with an average payment period of 14.54 days, almost exactly replicating the data for March. By months, January closed with 14.04; February, with 15.02 and March, with the aforementioned 14.58 days.
The Average Payment Period constitutes a particularly important concept in the accounting of public administrations, not only for its own purpose, but also because it is one of the criteria whose compliance is required in the Budgetary Stability Law, under penalty of applying measures by the State. of correction. This is the only fiscal rule that has not been suspended in the years 2020, 2021 and 2022.
Precisely, section 6 of article 13 of Organic Law 2/2012, of April 27, on budgetary stability and financial sustainability, introduced by Organic Law 9/2013, of December 20, on control of commercial debt in the public sector, establishes that public administrations must publish their average supplier payment period.
