WILLEMSTAD:--- As of the second half of 2021, the economy of Curaçao is showing considerable recovery. Curaçao should utilize this recovery period to get the budget structurally in order, thereby exercising control of the expenditures. The Board of financial supervision (Cft) has urged this in its recent talks with the Curaçao government. Curaçao is decreasing its multi-year budget deficits in part on account of the progress made in tax collection, but the challenges remain substantial. The significant inflation worldwide and continued disruptions in the supply chain could put pressure on the recovery. The process to bring government debt to an ...
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