CAft: “Measures are needed for sustainable public finances”

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 great importance that Aruba realizes surpluses from 2023 so that the government debt of AWG 5.9 billion can be reduced. In order to achieve this, in addition to increasing the income, the costs need to be structurally reduced as well. Reforms in health care, the tax system and social security are crucial and inevitable.