WILLEMSTAD – Curaçao recorded a preliminary surplus of XCG 189 million on its ordinary budget through the second quarter of 2026, putting the country on track to comply with the central budget rule under the Kingdom Financial Supervision Act, according to the Board of Financial Supervision (Cft).
The Cft disclosed the figures in its September 11 response to Curaçao’s second implementation report for 2026, which was submitted by the government on August 28. The financial supervisor said Curaçao is, for the time being, complying with both the central budget standard and the legally required deficit compensation.
Government revenues reached XCG 1.142 billion through the second quarter, while expenditures totaled XCG 953 million. This produced the XCG 189 million preliminary ordinary-budget surplus.
The result is stronger than during the corresponding periods of the previous two years. Curaçao recorded a surplus of XCG 106 million through the second quarter of 2024 and XCG 173 million during the same period in 2025.
Higher-than-expected government revenue was a major contributor. Total revenue was XCG 91 million above the amount budgeted for the period, primarily because tax collections performed better than anticipated. Curaçao also received unbudgeted subsidies for education and the Landspakket reform program.
Tax revenue alone reached XCG 1.047 billion, XCG 84 million above budget. Profit tax, turnover tax and property tax generated particularly strong results, while waste tax and beer excise revenues were somewhat below expectations.
Spending, however, was also higher than planned. Curaçao spent XCG 953 million during the period, XCG 26 million more than budgeted. Subsidies and transfers were XCG 22 million above projections, while social security expenditure exceeded the budget by XCG 24 million.
The Cft stressed that the XCG 189 million figure remains preliminary. It also cautioned that uncertainty remains because parts of Curaçao’s budget do not yet meet all requirements for a complete, orderly and verifiable budget. Final compliance with the central budget rule can only be established after the annual accounts have been audited.