Documents

The Board of financial supervision Curaçao and Sint Maarten (Cft) in recent discussions has urged Sint Maarten to adopt the 2022 budget amendment and the 2023 budget within short term. The 2022 budget amendment contains an amount of ANG 15.4 million...

Despite the strong economic recovery of the Aruban economy in 2022, both the 2022 and the 2023 budgets show a financing gap. In view of the considerable refinancing task that awaits Aruba in the coming years and the rising interest rates, it is of...

The Curaçao economy recovered well in the first six months of 2022. Curaçao will reduce the budgetary deficit in 2022 and will present a balanced budget in 2023. However, the recovery of public finances is fragile and under pressure due to...

The Board of financial supervision Aruba (CAft) has advised the Kingdom Council of Ministers (RMR) on July 13th, 2022, to give an instruction to the Council of Ministers of Aruba. The country has to maximally limit the budgetary deficit in 2022 and...

A significant budget deficit is expected for the year 2022 for Sint Maarten, despite a real economic growth of 7.5 percent. The Board of financial supervision Curaçao and Sint Maarten (Cft) urges Sint Maarten to limit its expenditures and increase...

The economy of Aruba is recovering well. In the months of April and May, tourism has surpassed the pre-corona level of 2019. Aruba has to utilize this period of recovery to put the budget in order. It is necessary that Aruba follows the...

As of the second half of 2021 the economy of Curaçao is showing considerable recovery. Curaçao should utilize this recovery period to get the budget structurally in order, thereby exercising control of the expenditures. The Board of financial...

Bonaire wants to achieve an unqualified auditor's report on the 2022 annual accounts. This is also included in the recently concluded Government Agreement (Bestuursakkoord). In order to achieve this, a number of essential steps will be needed in the...

The tax revenues of Sint Maarten are lagging behind the economic growth. For 2022, despite real economic growth of 12 percent, a considerable budget deficit is expected by the country. The Cft urges the country to limit expenditures and increase tax...

Aruba’s economy is showing a swift recovery. It is expected that this year tourism will return to their pre-corona levels. It is necessary that Aruba now takes measures to drastically reduce the significant deficit in 2022 and achieve a surplus in...