WILLEMSTAD – The Council of Ministers has approved the advisory report titled "The Collective Sector of Curaçao 2025–2028," following a recommendation from the Director of the Central Bureau of Statistics (CBS).
The decision was taken during the Council of Ministers meeting on Wednesday, November 4, 2026, and announced publicly on November 6.
According to the government's official decision, the Council agreed with both the content and the formal adoption of the report, in accordance with the advice submitted by the CBS Director.
The matter falls under the responsibility of the Ministry of Governance, Planning and Public Service.
Importance of Defining the Collective Sector
The collective sector is an important concept in public financial management because it identifies the government institutions and other public entities whose financial activities are included within the broader public sector for statistical and fiscal purposes.
Determining which institutions belong to the collective sector helps establish the scope of public financial reporting and provides a basis for assessing government finances.
The classification can be relevant when examining public expenditure, revenue, debt, and financial obligations across government-related institutions.
For Curaçao, an updated collective sector classification provides a reference for financial reporting covering the 2025–2028 period.
CBS Recommendation Accepted
The government's announcement specifically states that the Council of Ministers followed the recommendation of the CBS Director in approving the report.
This places the statistical authority's advice at the center of the decision.
The formal adoption of the document establishes the government's acceptance of the report for the designated period.
However, the announcement did not include the report itself or provide a list of institutions classified within the collective sector.
It also did not specify whether the updated classification differs from previous reporting periods or whether any entities have been added or removed.
Implications for Public Financial Reporting
A clearly defined collective sector is important for understanding the financial position of the government and the wider group of public institutions included in fiscal statistics.
It can also help ensure consistency when financial information is prepared and assessed over several years.
The government's decision represents an administrative step in establishing the collective sector framework for 2025 through 2028.
Further details about the report's findings and the institutions covered will depend on the publication of the complete document.
For now, the Council of Ministers has formally approved the advisory report based on the recommendation of Curaçao's statistical authority.