Published On: Wed, May 13th, 2015

Plasterk sees limited risk of government companies

WILLEMSTAD – The government companies are only a limited risk for the public finances of the Curaçao government. This is according to the Dutch Minister of the Interior and Kingdom Relations, Ronald Plasterk in his reply to questions from the Lower House of the Dutch parliament ahead of a debate on the Committee Financial Supervision (CFT) on May 21st.

The Dutch parliament has long been concerned about the lack of information on the government companies, making it difficult to determine how the financial position of Curaçao is.

Especially the MP for the ruling party VVD, André Bosman is surprised that the CFT, despite that ambiguity, still gave a positive opinion for the loan for the new hospital. According to Bosman, the Financial Supervision Act dictates that the CFT has to have all the information necessary for its opinions.

Plasterk wrote that CFT only assesses whether the budget meets the standards of the Financial Supervision Act, including the requirement that expenses are covered, all expected expenses and revenues, and includes a discussion of the financial condition of the country.

Although CFT has regularly highlighted the importance of financial statements of government companies to the government of Curaçao, they are still in fact not part of the budget of Curaçao. Government companies are indeed independent legal personalities, writes Plasterk. The only figures mentioned in the budget are any dividends from profitable government companies or payments to government companies that are making losses.


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