Published On: Mon, Oct 7th, 2013

Curacao has 1.6 billion euro debt in the Netherlands

Dutch ParliamentTHE HAGUE, WILLEMSTAD - Curaçao has over 1.6 billion guilders (914,285,714 dollars) in debt to the Netherlands. It covers a total of five loans with a term until 2040. Sint Maarten has six loans totaling 320 million guilders. These must be repaid in 2040. Aruba has the most loans (11) but with a significantly lower volume: 70 million guilders. These have to be repaid by 2026.

Unlike Curaçao and Sint Maarten, the Netherlands has never put Aruba’s financial situation in order. These above mentioned figures were presented by the Minister of Kingdom Relations, Ronald Plasterk after questions from Dutch MP’s during the 2014 budget debate in Parliament.

Taking over the debts of Curaçao and Sint Maarten cost the Netherlands 4.6 billion guilders, excluding interest.

This amount is now part of the national debt. The minister says told Parliament that the total cost of the cooperation programs for the Dutch Caribbean islands, supported by the Netherlands, during the years 2001-2012 was approximately 1.2 billion guilders. Cooperation programs have been phased out since October 10, 2010. Nevertheless, the Ministry of the Interior spends about 250 million guilders for Coast Guard, the Criminal Investigation Team (RST), Royal Military Police and the Justice Department.

Source: Antilliaans Dagblad

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