WILLEMSTAD – Curaçao’s total government debt fell by XCG 225 million during the second quarter of 2026, bringing the country’s debt-to-GDP ratio down to 57 percent.
According to the Board of Financial Supervision (Cft), total debt declined from XCG 4.325 billion at the end of the first quarter to XCG 4.100 billion at the end of June.
The improvement was primarily caused by a XCG 209 million reduction in short-term liabilities.
Based on the latest figures, Curaçao’s government debt represents approximately 57 percent of gross domestic product.
For its calculation, the Cft used projected 2026 GDP of XCG 7.172 billion, based on the Central Bank of Curaçao and Sint Maarten’s June 2026 Economic Bulletin.
The reduction comes during a period in which Curaçao is also reporting stronger-than-expected ordinary-budget results.
The government recorded a preliminary ordinary-budget surplus of XCG 189 million through the second quarter, while tax collections exceeded projections by XCG 84 million.
At the same time, Curaçao is preparing substantial new investments. The 2026 budget provides XCG 199 million for investments, including XCG 186 million that is expected to be financed through borrowing from the Netherlands.
The latest debt reduction therefore strengthens Curaçao’s starting position, although future borrowing and the government’s investment program will influence how the debt ratio develops during the remainder of the year.