On Monday, the Parliament of Aruba reviewed and approved the 2019 Annual Accounts, with 17 votes in favor and 1 against. It is important to highlight that during 2019, the Wever-Croes Cabinet successfully changed the course of Aruba’s financial management, achieving one of the strongest financial results before the onset of the Covid-19 pandemic.
According to the 2019 Annual Accounts, the government’s financial deficit improved by 120 million florins, while government revenues increased by 121 million florins. Public spending remained under control, and for the first time in many years, Aruba’s national debt stopped growing. Aruba also achieved a significant primary surplus of nearly 200 million florins.
In 2019, Aruba not only met but exceeded the financial standards agreed upon with the Netherlands, marking a major shift in the country’s financial direction and putting an end to an era defined by high debt and large deficits.
Former Minister of Finance Xiomara Maduro expressed her gratitude, crediting the success to teamwork across various institutions. She extended her heartfelt thanks to the dedicated professionals who contributed to improving Aruba’s public finances, especially the teams at the Department of Finance, the Centrale Accountantsdienst, the Department of Legislation, and the Algemene Rekenkamer. “Teamwork always delivers for Aruba. Thank you for believing in Aruba!” she stated.
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