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Fernando Gómez, Elda's Finance Councillor. TA
Elda City Council Pays Suppliers in an Average of 24 Days

Elda City Council Pays Suppliers in an Average of 24 Days

The Council Ends the Year Below the Maximum 30-Day Period Set by Legislation

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Jueves, 9 de enero 2025, 18:05

The Elda City Council concluded 2024 with an average payment period to suppliers of 24 days. This positions the council below the maximum 30-day period established by legislation for administrations to meet such obligations.

The Average Payment Period to suppliers fluctuated between 12.62 days in the second quarter and 36.05 days in the third. In this instance, the period was extended due to the implementation of a new IT application, which caused delays affecting the APP, which were subsequently resolved in the following months.

Between October and December 2024, the Elda Council made payments amounting to a total of 8,485,214 euros, within the 26.46 days of the APP for the last quarter, staying below the maximum 30-day period. In the final weeks of the year, invoices amounting to more than 3 million euros were approved, which are being paid this week.

The APP is an indicator that measures the time an administration takes to pay its suppliers' invoices, from approval to payment. Legislation requires administrations to pay within a maximum of 30 days from the certification of a work, delivery of a good, or provision of a service.

"Solid Management"

Fernando Gómez, Finance Councillor, stated that "these figures, along with maintaining zero debt, demonstrate the solidity of our economic management and the constant effort to prioritise a fair and responsible relationship with our suppliers, strengthening the trust and stability of the local and regional business fabric."

The councillor affirmed that "meeting deadlines not only reinforces institutional credibility but also provides a direct benefit to the city's SMEs. Our commitment as a local government is to maintain and improve the achieved figures."

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todoalicante Elda City Council Pays Suppliers in an Average of 24 Days