Oranjestad:--- There is still insufficient prospect on sustainable improvement of the public finances of Aruba. The Board of financial supervision Aruba (CAft) expects on the basis of the second execution report that the agreed deficit standard for the 2019 financial year will be met, but this is about more than that achievement: the cooperation protocol between Aruba and the Netherlands explicitly stipulates that underlying expenditure and revenues must contribute to sustainable public finances as well. For example, personnel expenditure must remain within the agreed standard of 479 million guilders.
Advice for instruction
On September 23rd, 2019, the CAft, on the basis
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