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For phasing out salary cuts, approval of the Financial Supervision Board is required

Local | By Correspondent June 28, 2022

THE HAGUE - The salary reduction in the (semi) public sector in Curaçao, Aruba and Sint Maarten cannot be phased out without prior assessment by the Financial Supervision Board that there is sufficient room in the national budgets. Under no circumstances may Dutch liquidity support be used.  

 

This is apparent from a letter that State Secretary Van Huffelen (Kingdom Relations) sent to the Dutch House of Representatives in which she explains the decision of the Kingdom Council of Ministers last Friday that Aruba has been given the green light for the (phased) reversal of the wage intervention.  

 

The letter also makes clear that none of the countries has fulfilled the agreement made in 2020 to introduce legal standards for top incomes in the public and semi-public sector as soon as possible. 

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