On Monday, the Parliament of Aruba discussed the 2019 Financial Statements and approved them with 17 votes in favor and 1 vote against. It is important to note that in 2019 the Wever-Croes Cabinet succeeded in changing the management and financial direction of Aruba, achieving one of the best financial results prior to the COVID-19 pandemic.
A shift in Aruba’s financial direction
According to the 2019 financial statements, the government deficit improved by 120 million florins. Government revenues increased by 121 million florins, while government spending remained under control. Aruba’s national debt stopped rising for the first time in a long period. The country achieved a large primary surplus of around 200 million florins.
In 2019, Aruba not only met but exceeded the financial standards agreed upon with the Netherlands. In doing so, a major shift was achieved in the financial trajectory of our country, leaving behind an era characterized by high debt and large deficits.
Teamwork made this possible for Aruba
As former Minister of Finance, we want to sincerely thank all of Aruba’s professionals who worked extremely hard to achieve this change in the country’s public finances. A special word of appreciation goes to the teams of the Department of Finance, the Central Accountants’ Service, the Department of Legislation, and the General Audit Chamber for their diligent work for the wellbeing of Aruba.
Teamwork always delivers for Aruba.
Thank you for believing in Aruba!
Press release: MEP