Budgeting with cyclically adjusted balances allows for differentiating between structural and cyclical deficits, which in turn enhances economic stability by aligning fiscal policies with the economic cycle.

The 2024 Evaluation Report on Curaçao and Sint Maarten’s financial oversight highlights progress made but stresses the need for continued reforms in public finance management and institutional strengthening before external supervision can be lifted.

In the public sector, the need for agility is more critical than ever. Yet, many public institutions still cling to older, bureaucratic project management approaches that stifle flexibility and innovation.

By leveraging data, policymakers can make informed decisions based on empirical evidence, improving resource allocation, targeting interventions more accurately, and enhancing transparency and accountability.

Curaçao’s economy is experiencing a robust recovery, with growth projections for 2024 now revised upwards by the Central Bank of Curaçao and Sint Maarten to 5.4%, higher than initially forecasted.