WILLEMSTAD – The government of Curaçao has not yet submitted its amended 2025 budget to the Board for Financial Supervision (Cft) as it awaits clarity on the refinancing of a 140 million guilder debt repayment. Negotiations with the Netherlands regarding this refinancing are still ongoing, the government announced in a press release.
While the submission is on hold, the Ministry of Finance has already provided a detailed response to the Cft’s advisory report. Key changes to the budget include:
The decision not to take over ownership of the new CMC hospital building;
Postponement of a 25 million guilder investment in a wind farm;
Higher tax revenues due to economic growth;
Reduced personnel costs because of unfilled vacancies;
And stability in social funds, which remain within forecasted levels.
In line with Cft recommendations, the government also intends to make a debt repayment of 60 million guilders in October.
The Curaçao government emphasized its ongoing commitment to achieving long-term financial stability and stated that it will continue its dialogue with both the Cft and the Dutch government to ensure a responsible fiscal path forward.
