WILLEMSTAD – The supervisory body was a good idea, but after 13 years, it is evident that it looked good on paper. The financial situation has not changed much, while the tax model, as the starting point of the supervisory body, has not helped Curaçao to maintain a low national debt level. After 13 years of the Financial Accord Act, Curaçao’s national debt is at 4 billion guilders (2.3 billion dollars).
In 2010, after negotiations that began in 2006, Curaçao introduced the Financial Accord Acts supervised by the Financial Supervision Committee (Cft). Cft’s role was to ensure better financial management in Curaçao by carrying out control tasks. Between 2010 and 2023, over 13 years, Curaçao’s national debt increased from 1.3 billion (after restructuring) to 4.2 billion guilders. This is an increase of 3.9 billion, equivalent to almost 400 million guilders annually. Every month, between 2010 and 2023, Curaçao was managing its debts poorly by over 30 million guilders just to prevent the debt from reaching 4 billion. Cft did not fulfill its function.
The same financial figures that the Netherlands used to justify the introduction of Cft are the very figures that conclude that Cft did not function.
Curaçao must part ways with Cft.
Even more seriously, the consumer market in Curaçao has flourished to the extent that it is no longer responsible for providing water to the individual homes for cleaning. While Cft pressures consumers to pay more taxes, more money flows into the treasury to continue irresponsible spending. In this regard, the supervisory body has no control whatsoever. Over 13 years, Cft told us “what to do,” but it had no kind of control “on how they do it.” Curaçao was collecting around 1.5 billion florins in annual revenue. This means that each resident in Curaçao contributes around 800 guilders per month to the financing of operational and structural expenses of the country. In reality and practice, this is not true, as at least 25% or more of our revenues are misspent by our own representatives. This is why the financial supervision system favors everyone except the people. The Netherlands controls politicians through the Financial Accord Act, while politicians support Cft because it means more money in the treasury for reckless spending.
Bron: Curacao Chronicle
@CR: “Curaçao must part ways with Cft.”
What Curacao must do is to part with DNB. That will never be written in an article in newspapers. That’s the evil entity within our system that allows Banks, Security entities and Criminals to rob us from money, normal live and pay increased taxes from cradle to our graves.
“Curaçao must part ways with Cft.”
fully agree: in a society where parliament does not listen to professional advice, the added value of expensive professional advice is useless. furthermore CFT has been busy writing reports with the same message without any impact or change. A Einstein mentioned:
Insanity Is Doing the Same Thing Over and Over Again and Expecting Different Results
Precies dat @Isereenbodem.. Dit zijn gewoon stuk voor stuk opportunistische uitbuiters die als grootste troef hun zieligheidsverhaaltje van kolonialisme en slavernij klaar hebben liggen voor elk falen… En zoals je het heel duidelijk zegt: Je kunt geen voortvarend land opbouwen met een bevolking dat ongeschoold is…Daarom kunnen schooiers als Pik Pisas ook gekozen worden.
Corruption is the main reason. Politicians and F&F get rich. The general population are robbed by their representatives. Millions to useless trips abroad, millions to useless jobs like the clown in curacao house in the Netherlands, pisas suddenly able to buy a multimillion villa while his salary would not make this possible. End endless other corruption reasons. But the majority of the population has a low iq and does not understand anything. Curacao will never be financially independent this way and sugar daddy Netherlands should stop continuing paying everything. Thank god for us that van Huffelen was weak and to generous.