Consultation Cft and SER ‘Prevention of uncontrollable deficits necessary’. | SMN News

WILLEMSTAD:— On February 12, 2020, a meeting was held between the Financial Supervisory Board (Cft) of Curaçao and Sint Maarten and the Social Economic Council (SER) of Curaçao. Present were the members of the Cft and the members of the SER, both accompanied by their Secretariats.
The topics discussed included Curaçao’s financial situation: the economy that has been stagnating for 25 years and the economic contraction of the last five years, the continuing budget deficits and the increasing debt burden, the risks to the 2020 budget, and the projected longer-term deficits with regard to health care costs and

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