Cft: “Turnaround towards long-term surpluses highest priority”

Curaçao has a good starting position that will allow it to realize multiannual budget surpluses. This is partly because of the important results the project to increase tax revenues is producing. After years of budget deficits, Curaçao needs to give the turnaround towards multiannual surpluses the highest priority. The Board of financial supervision Curaçao and Sint Maarten (Cft) insisted on this matter in its recent meetings with the government of Curaçao. Curaçao is facing the important task of bringing the government debt to a prudent level, whilst the risks and uncertainties remain as great as ever. This is especially the case with regard to healthcare and social security. Structural reforms and growth-enhancing investments in combination with strict multiannual budgetary policies are essential in order to put the public finances in order.