WILLEMSTAD – Curaçao’s government solvency remains below internationally recommended levels, despite economic growth and rising revenues, the Financial Management Report shows.
Long-term public debt stood at Cg 3.55 billion, while the solvency ratio remained at 0.8, well below the desired range of 1.5 to 2.0. The gross debt ratio amounts to 56.5 percent of GDP, rising to 70.8 percent when Dutch liquidity support is included.
Although total government assets remain broadly stable, the declining equity position underscores the fiscal pressure created by structural deficits and growing expenditure obligations.