WILLEMSTAD - The social insurance funds are in the danger zone. This is according to the Curacao Business Association (VBC).
In 2019, the Social Insurance Bank (SVB) already had a deficit of 19 million. The expectation is that the income from premiums will fall sharply this year, which will make the deficit worse.
Due to a calamity caused by the corona crisis, the reserves are being tapped, but the reserves were reduced from 50 to 18 percent in 2014.
VBC fears that the reserves will be consumed, and the insurance funds will be at risk.