In May, the average payment period for suppliers in Spain’s autonomous communities was reported at 30.72 days, representing a decrease of 1.16 days or about 3.64% compared to April. This data comes from the Ministry of Finance.
Currently, this payment period slightly exceeds the established maximum of 30 days. Twelve communities were able to meet this deadline, including AndalucÃa, Aragón, Canarias, Cantabria, Castilla y León, Castilla-La Mancha, Extremadura, Galicia, Madrid, Navarra, PaÃs Vasco, and La Rioja.
Extremadura stood out as the region with the quickest payments—at just 11.04 days. On the other hand, the region with the longest payment period is Murcia, where it takes an average of 80.63 days to pay suppliers.
In contrast, the average payment period of the Central Administration was measured at 27.11 days for May 2024, a notable decrease of 3.85 days from April.
The following table provides a breakdown of the payment period by autonomous community for May 2024:
- AndalucÃa: 16.51 days
- Aragón: 16.45 days
- Asturias: 35.86 days
- Baleares: 34.89 days
- Canarias: 20.58 days
- Cantabria: 15.21 days
- Castilla y León: 27.00 days
- Castilla-La Mancha: 19.24 days
- Cataluña: 32.85 days
- Extremadura: 11.04 days
- Galicia: 13.69 days
- Madrid: 24.63 days
- Murcia: 80.63 days
- Navarra: 27.66 days
- PaÃs Vasco: 20.94 days
- La Rioja: 27.82 days
- Comunidad Valenciana: 44.44 days
Overall, the average across all autonomous communities was 30.72 days.
This trend in payment periods highlights some regions’ efficiency in managing supplier payments, and it reflects an ongoing effort to meet regulatory timelines. For further insights on financial management practices, you may refer to sources like OECD or World Bank.
Image and News Source: https://www.infobae.com/espana/agencias/2024/07/22/el-pago-a-proveedores-de-las-autonomias-bajo-en-mayo-hasta-los-3072-dias/
