CAft: “Debt sustainability Aruba now asks for action”

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 recommendations the CAft made with regard to the adopted 2022 budget, limit the deficit in 2022 and achieve a surplus of 1 percent of GDP on its budget as of 2023. Reducing the government debt of AWG 5.9 billion (about 104% of GDP) to an acceptable level remains an important issue. In addition, reforms need to be implemented to safeguard the social security system for future generations.