Although deficits decline
Public debt continues to rise
Willemstad/Philipsburg – “The governments of both Curaçao and Sint Maarten recorded a lower deficit on their current budget in 2021 compared to 2020,” Centrale Bank van Curaçao en Sint Maarten (CBCS) president Richard Doornbosch stated in the second Quarterly Bulletin of 2021. “At the same time, the public debt-to-GDP ratio rose further in 2021 reaching 90% in Curaçao and 62% in Sint Maarten. For 2022 also a high budget deficit is projected for both countries, albeit lower than in 2021,” Doornbosch continued.