Mrs. Hellen van der Wal appointed as member of the Board of financial supervision Aruba
ORANJESTAD - The current secretary of the Advisory Council of Aruba, Ms. Hellen van der Wal will become a member of the Board of financial supervision Aruba (CAft) as per August 1st, 2018. She has been nominated More...
CFT: Tax compliance of utmost importance to reduce the deficit
PHILIPSBURG - Cost-cutting measures, broadening the tax base and increased tax compliance are of the utmost importance to limit the country’s budgeted deficit, was the essence of the message of the Committee for More...
Dutch Parliament pushes for stringent financial supervision for islands
THE HAGUE - The Second Chamber of the Dutch Parliament has again made clear that it wants the financial supervision on the countries Aruba, Curaçao and St. Maarten and on the public entities Bonaire and St. Eustatius, More...
Cft chairman Raymond Gradus: “Discipline with financial management Bonaire is troublesome”
KRALENDIJK - During its visit to Bonaire on June 19th, the Board of financial supervision Bonaire, Sint Eustatius and Saba (Cft) expressed its concerns to the Executive Council and the Island Council. The Cft notes More...
Chairman Raymond Gradus: ”Aruba has accomplished the CAft recommendations for the 2018 budget; important to shortly draw up a new legal standards framework aimed at sustainable finance”
ORANJESTAD - With the purpose to speedily reach the path towards sustainable public finance, the Board of financial supervisoion for Aruba (CAft) has made three recommendations. During its visit the CAft observed More...
Cft chairman Raymond Gradus: “Budget control and related risks is insufficient; without additional measures a new deficit for 2018 is unavoidable”
WILLEMSTAD - During its visit to Curaçao, the Board of financial supervision of Curaçao and Sint Maarten (Cft) indicated that more insight and better management are needed in the execution of the budget. The financial More...
CFT: Public finances are lagging behind
WILLEMSTAD - The government of Curaçao has to take care to prevent a deficit in its budget this year too. This is according to the Financial Supervision Board. In the first quarter, the deficit is over 3½ million More...
Court of Audit: Supervision of islands’ finances is insufficiently effective
WILLEMSTAD - The Court of Audit thinks that the financial supervision of the Caribbean parts of the Kingdom is seriously inadequate and urges the government to take measures to increase effectiveness. This is evident More...
Henk Kamp appointed as member of Boards of financial supervision
THE HAGUE, WILLEMSTAD - As of on July 1, 2018 former Minister Henk Kamp will sit on the Board of Financial Supervision (Cft) Curaçao and Sint Maarten and Cft Bonaire, Sint Eustatius and Saba. For the Board of More...
Has the Board of Financial Supervision been asleep or is it a toothless tiger?
THE HAGUE - The public finances of Curaçao, Aruba, St. Maarten and St. Eustatius are worse than in 2010 despite financial supervision. Bonaire has a balanced budget, but there are doubts about the quality of financial More...
