Cft: “Implementation is now of the essence”

The Curaçao government is facing substantial challenges and it can use the current economic upturn to implement structural improvements. The Board of financial supervision Curaçao and Sint Maarten (Cft) has indicated this in recent talks with the government of Curaçao. Curaçao has to limits its expenditures and increase its income, also by means of improvements in its tax collection. To avoid a further rise of debts it is required to have a balanced normal service in 2023. The reforms that are necessary in order to guarantee an affordable health care and social security have to be implemented diligently. On the short-term extra contributions of the country in social security will be avoided. In the medium term, Curaçao will have to guarantee the affordability of the social system for future generations as well.