Richard Bruton (Dublin North Central, Fine Gael)
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Question 452: To ask the Minister for Agriculture and Food the amount of interest paid by her Department to contractors or to others due payments from her Department on account of late settlement of the amount due; the rate of interest applying to late payments; and if she has satisfied herself that all efforts are made to pay promptly. [3203/06]

Mary Coughlan (Donegal South West, Fianna Fail)
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It is the policy of my Department to fully comply with the terms of the Prompt Payment of Accounts Act 1997 and with the regulations on combating late payment in commercial transactions. There are procedures in place to meet their requirements and there is ongoing monitoring to ensure compliance with their provisions.

The total interest paid during 2005, resulting from late payments made to contractors and others, amounted to €11,907.81. The annual rate of interest rate applicable for the year was 9%.