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Public Finances: Discipline, Reform, and Debt Reduction Target

| By Correspondent February 20, 2026

 

WILLEMSTAD - The Ministry of Finance places strong emphasis on budget discipline and improved financial governance. The government aims to gradually reduce national debt toward 55 percent of GDP, introduce a multi-year budgeting framework, and establish a Budget Chamber to strengthen oversight.

Planned reforms include modernization of the Tax Department and Customs, increased tax compliance, and restructuring of social funds such as AOV and APC to ensure long-term sustainability. Digital payments and measures to combat financial crime are also highlighted as part of a broader effort to modernize public finance.

While the program sets out clear objectives, concrete financial timelines and detailed budgetary allocations are expected to be addressed through the annual budget process.

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