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PB 2022-016 Fiscal consolidation path should be growth-friendly

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Press release 2022-016

Willemstad/Philipsburg –” Without doubt, fiscal consolidation is necessary to put the public finances in Curaçao and Sint Maarten on a sustainable path and to create fiscal space to confront any future adverse economic shocks. However, fiscal consolidation should be achieved in a gradual and structural manner so that it does not inhibit economic growth”, states Richard Doornbosch, President of the Centrale Bank van Curaçao en Sint Maarten (CBCS) in its most recent Economic Bulletin of March 2022. In this regard, a fiscal consolidation path should secure room for public investments.

Last updated: 09.05.2022 13:05