The Lands Authority is sitting on a whopping €11 million in overdue lease payments, with little action taken to recover the amount, according to the National Audit Office (NAO). The Authority’s lack of automated monitoring of payment defaults and inadequate pursuit of leaseholders for outstanding payments are the main reasons behind this massive debt accumulation. To put things into perspective, the €11 million owed is equivalent to the Authority’s earnings for 2024.
This inaction raises questions about the Authority’s effectiveness in managing government land and property. The NAO’s report highlights the need for improved debt recovery processes to ensure transparency and accountability. The Lands Authority must take concrete steps to address this issue, including implementing robust monitoring systems and pursuing debtors more aggressively.
