The Aruba Trade & Industry Association (ATIA) has announced its support for the implementation of the Houdbare Overheidsfinanciën Aruba (HOFA) framework. Representing a broad sector of the local business community, ATIA views this regulation as a critical step toward ensuring long-term fiscal stability and improving Aruba’s financial credibility.
ATIA emphasized that the private sector, which employs approximately 50,000 people across various industries, relies on stability, transparency, and responsible financial management. “The private sector of Aruba depends on stability, transparency, and responsible financial management,” ATIA declared. The organization noted that the HOFA framework provides the necessary fiscal basis to protect the economic future and strengthen trust with investors and international partners.
Among the reasons for its support, ATIA highlighted the potential for lower financing costs through access to Dutch AAA-rated financing. The association also pointed to increased predictability in government policy and better long-term competitiveness for the Aruban economy. ATIA clarified that HOFA is a temporary framework designed to guide the country back to sustainable public finances and restore fiscal resilience through clear norms and expectations.
While acknowledging that HOFA requires discipline and structural reforms, ATIA stated that the long-term benefits outweigh short-term challenges. “A stable fiscal foundation is not only a government priority but also a national priority,” the association said. ATIA reaffirmed its commitment to working with the government and social partners to ensure a strong, competitive, and sustainable economic future.
