Published On: Fri, Sep 14th, 2018

Minister of Finance addresses budget issues in a letter to the CFT

gijsberthaWILLEMSTAD - During the weekly press conference of the Council of Ministers, Kenneth Gijsbertha of Finance explained about his letter to the Committee of Financial Supervision (CFT). The Minister hopes that the detailed letter explaining how the government covers the 82 million guilders of additional measures and other risks will give the CFT the necessary 'comfort'.

In 16 pages plus appendices, the Minister has explained to Cft-chairman Raymond Gradus that he himself has every confidence that the implementation of the National Budget 2018 of Curaçao will be successful and that a budget amendment before 1 October, as advised by the CFT, 'is not considered necessary'.

Gijsbertha also took the time to explain CFT’s concerns, as expressed in a letter of 29 August. "We do not want to fight against the CFT and we respect the work they do. But actually the CFT does not have to tell us what to do; we must and want to take responsibility ourselves."

Early in September, President of the Executive Board Gradus wrote to Dutch Prime Minister Mark Rutte in his capacity as chairman of the Kingdom Council of Ministers to convey the concerns of the CFT. Gradus also stated that if the response from the Rhuggenaath government is not convincing in the opinion of the CFT, the Kingdom will be notified again, possibly with the advice to issue a financial instruction to Curaçao.

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