WILLEMSTAD – Curaçao’s Ministry of Finance says shortcomings in the government’s internal financial controls mean that much of its non-tax revenue is still being recorded using bank statements instead of the underlying collection orders or detailed administrative reports.
The disclosure appears in the June 2026 Financial Management Report and forms part of the government’s continuing effort to improve the reliability of Curaçao’s financial administration.
Through June, the government recorded XCG 67.9 million under the category “Other Revenue.” That was XCG 11.4 million below the XCG 79.3 million projected for the period.
Part of the difference was attributed to the fact that the Central Bank of Curaçao and Sint Maarten’s license payment for June had not yet been received.
More significantly, however, the Ministry of Finance acknowledges that deficiencies in internal controls mean most revenues in this category are currently recorded on the basis of bank statements rather than collection instructions or accountability reports from the relevant sub-administrations.
As a result, the Ministry of Finance itself does not have all of the detailed information necessary to break down these revenues. The report says additional specifications must be requested from the individual ministries until the weaknesses are corrected.
The deficiencies have been incorporated into Curaçao’s revised financial-management improvement program.
The broader reform is intended to address weaknesses that have prevented the government from reaching the level of financial control necessary for an unqualified audit opinion on the country’s annual accounts. The government has identified 11 core areas requiring improvement, including tax revenues, non-tax revenues, personnel costs, subsidies and transfers, fixed assets, government purchasing and budget overruns.
During the second quarter, the program’s steering committee and program manager began reviewing ongoing projects, bottlenecks and the conditions necessary to move the reforms forward. The government says the findings will be used to make decisions on staffing, financing, planning and implementation.
The next major progress report is expected in September, when the government plans to provide more detailed information on the status, milestones and risks of individual financial-management projects.