WILLEMSTAD - Liquidity support from the Netherlands increased Curaçao's debt ratio to more than 76% at the end of 2020.
This will increase further in 2021 to cover the government budget. That is what the president of the Central Bank, Richard Doornbosch, says in his economic outlook 2021.
According to Doornbosch, this does not yet take into account the increasing shortages in health care and social insurance as a result of a decrease in premiums and a higher demand for benefits due to the crisis.
"The governments will also have to cover these shortages. As a result, the debt ratio will increase even further if higher economic growth is not achieved," said Doornbosch.