WILLEMSTAD – Curaçao is still unable to formally test whether its government debt meets the required interest-burden limits due to delays in financial reporting, according to the Committee for Financial Supervision Curaçao and Sint Maarten (Cft).
Under the Kingdom’s financial supervision law, the annual interest payments of the collective public sector may not exceed five percent of the average revenue of the previous three years.
However, the Cft says the required financial data for the collective sector—including spending, revenues, deficits and debt figures—has not been delivered on time. This makes formal verification of the interest-burden rule impossible.
The government has used a temporary calculation method based on earlier figures adjusted for economic growth. While the Cft accepts this approach for the 2026 budget, it stresses that a formal assessment must be possible before the 2027 budget is submitted.