WILLEMSTAD - State Secretary Alexandra van Huffelen calls the financial-economic state of Aruba, with a government debt above 100 percent of the gross domestic product and a very vulnerable economy, very worrying.
That is what Van Huffelen says in response to parliamentary questions from the VVD and the CDA and about the fact that Aruba would have no report for the Kingdom Council of Ministers (RMR) and the Financial Supervision Board (Cft). According to Van Huffelen, there are hardly any direct financial consequences because of the Dutch liquidity loans, because the Netherlands does not charge interest until 2023. Indirectly, rising government debt could increase interest rates, causing problems for Aruba after 2023.
If Aruba does not follow the RMR decision-making and the Cft's advice, Aruba's payment arrears may increase. Van Huffelen has informed Aruban Prime Minister Evelyn Wever-Croes about the situation.