Prompt Payment of Invoices to Government Vendors

The Government is committed to paying our suppliers promptly. It is a key part of our pro-enterprise approach, and timely payments help business manage their cost and cashflows.

The Government maintains a target KPI of 95% prompt payment rate, which we have achieved consistently over the last few years. More details on the historical prompt payment rates can be found here.

Achieving consistent prompt payment requires a collective effort between Government agencies and their vendors, working together to strike a balance between internal control checks and speed of payment. We thank our vendors and agencies for their continued cooperation and encourage this collaborative approach to ensure a smooth billing process for all parties.