Skip to main content
Home

Main navigation

  • Top stories
  • Health
  • Crime
  • Politics
  • Business
  • Tech
  • Culture
  • Sports
  • Weird
  • 1-1-2
Image
I heart Aruba in Oranjestad
I heart Aruba in Oranjestad - Credit: Photo: Roman Tokman / Wikimedia Commons
Politics
Aruba
Debt
Board of Aruba Financial Supervision
Raymond Gradus
Hans Hoogervorst
Sunday, 26 June 2022 - 11:00
Share this:
  • facebook
  • twitter
  • linkedin
  • whatsapp
  • reddit

Aruba must quickly reduce government debt of 3 billion euros

Aruba's government debt is much too high at almost 6 billion Aruban florins (3.11 billion euros). The main task for the current government is to reduce this to an acceptable level, said the chair of the Board of Aruba Financial Supervision (CAft), Raymond Gradus, on Friday.

The CAft is visiting Aruba and holding discussions with the government and the Court of Audit, among others. It has been noted that Aruba's economy is recovering well from the difficult period it suffered during the coronavirus pandemic.

But the country must now use the period of recovery to put the budget in order and bring the public debt to an acceptable level, according to the CAft. The debt has risen to about 104 percent of the country's GDP.

The CAft was established in 2015 to oversee Aruba's public finances. The board also includes former minister Hans Hoogervorst.

Reporting by ANP

Follow us:

Latest stories

  • Asian hornet recently spotted in northern Netherlands
  • Footballer Quincy Promes will also be prosecuted for importing 1,362 kg of cocaine
  • Friend in fatal GHB overdose thought she did the right thing by waiting to call medics
  • Terrorism threat is growing in the Netherlands from jihadists, right-wing extremists
  • Likely Senate results: BBB the largest party; Left-wing can give coalition majority
  • Higher pay, enjoyable tasks, work-from-home entices workers to put in more hours: DNB

Top stories

  • Footballer Quincy Promes will also be prosecuted for importing 1,362 kg of cocaine
  • Likely Senate results: BBB the largest party; Left-wing can give coalition majority
  • Edwin van der Sar out as Ajax CEO after men’s team has worst finish in 14 years
  • Prices for basic groceries jumped 15% in six months
  • Man abducted in Spanbroek found in Beverwijk, confirms kidnapping
  • Dutch PM reiterates support for Ukraine after "barbaric air raids"

© 2012-2023, NL Times, All rights reserved.

Footer menu

  • Privacy
  • Contact
  • Partner content