WILLEMSTAD - The government salary cut of 12.5% seems to have little effect. That is what the Financial Supervision Board states: “The Cft is concerned about the development of personnel costs. The underlying salary, wages and remuneration item is almost back to the level of pre-corona year 2019.
It is striking that last year more than 50% (= 10 million guilders) more was paid for overtime than budgeted. An earlier request by the Cft to explain the increase and to compensate for the exceedance was not heeded. The early retirement scheme also does not seem to have the intended effect on personnel costs for the time being.
The Cft considers it positive that Curaçao has achieved success in the second half of last year with collecting arrears. The preliminary figures indicate that 2021 ended with a deficit of 342 million. Government debt has risen to more than 4.2 billion.