Aruba public debt is declining, but the country has not yet built enough financial room to absorb another international crisis without potentially borrowing heavily, CAft chair Hans Hoogervorst told NoticiaCla.
Progress does not eliminate exposure
In an interview with Tito Laclé, Hoogervorst credited both the previous and current governments with restraint in spending additional revenue. He said debt remained high despite its rapid decline. He described a debt ratio around 70 percent and said a level nearer 40 percent would leave Aruba better placed to absorb shocks, without specifying a date for reaching it.
Refinancing and tourism decisions
Hoogervorst said refinancing on more favorable terms could potentially save up to 60 million florins annually; the report does not give a timetable or a cumulative savings calculation. In related coverage of the same interview, he urged Cabinet-wide responsibility for tourism and questioned whether increased visitor activity was translating into comparable prosperity per resident.
No promised date for relief
He did not promise a specific year for lighter external supervision or a concrete date for taxpayer relief. His assessment was conditional on continued financial discipline and the absence of a major economic shock. These interview comments are distinct from an adopted budget measure.
Source: Read the original report.
