The Average Period of Payment to Suppliers (PMP) of the Central Administration drops 1.79 days and stands at 36.16 days.
The Average Period of Payment to Suppliers (PMP) of the Autonomous Communities stood at 33.12 days in the month of March, which means a reduction of 2.15 days compared to the month of February (-6.10% ).
The data of the PMP of the Central Administration has also decreased in March and has been calculated at 36.16 days, which represents a decrease of 1.79 days in relation to the previous month.
The Local Entities have a Medium Payment Period for Suppliers of 70 days in the first quarter of 2019, which implies an additional 23.77 days compared to the fourth quarter of 2018.
Finally, the MPP registered in the Social Security Funds in March stood at 12.88 days, which represents an increase of 1.54 days.
Data from the Central Administration
The PMP of the Central Administration was estimated at 36.16 days in March. This result, in comparison with the previous month, implies a decrease of 1.79 days.
The ratio of transactions paid was 35.23 days, while the ratio of outstanding transactions reached 37.04 days.
Data of the CCAA
Regarding the composition of the PMP of the Autonomous Communities in March, the ratio of operations paid is 27.78 days and that of operations pending payment in 39.46 days.
This supposes, with respect to the previous month, that the ratio of transactions paid decreases by 5.16 days, while the ratio of outstanding operations increases by 1.49 days.
Debt of the CCAA
The amount of the commercial debt of the Autonomous Communities amounts in March to 4,012.09 million euros, equivalent to 0.32% of the national GDP.
In relation to the commercial debt of the previous month, there has been a decrease of 2.43%, equivalent to 99.74 million euros.
Data of the Local Corporations
As for the whole of the Local Corporations (assignment and variables), the Average Payment Period for Suppliers is 70 days in the first quarter of the year, 23.77 days more than in the fourth quarter of 2018.
The behavior of the first quarter is common and is very similar to last year.
This increase in data is due to the leverage in the operations pending payment (old invoices pending in the reporting period).
In addition, of the entities that have submitted information in this period, the majority complies with the PMP. Specifically, 58.39% of the transfer entities (large municipalities with more than 75,000 inhabitants, councils, councils and island councils) and 72.28% of the variables (other municipalities) have an equal PMP in said period or less than 30 days.
If entities with excessive PMP (greater than 60 days) are not taken into account, and that represent around 10.06% in assignment and 10.81% in variables, the Average Payment Period would decrease to 24, 88 days in March for the entire subsector, an amount within the legal term.
Disaggregated, the entities under the assignment regime presented in March 2019 a Mean Payment Period to Suppliers of 67.80 days, 1.92 days less than the PMP for the month of February.
Of the main cities, five have a PMP greater than 30 days, and one exceeds 60 days.
Social Security Funds
In the case of the Social Security Funds, the March MPP stood at 12.88 days.
Comparing the results with those of the previous month, it is observed that the Average Payment Period to suppliers has increased by 1.54 days.
The ratio of transactions paid has amounted to 10.41 days; On the other hand, the ratio of outstanding transactions has been 21.82 days.