WILLEMSTAD – The government debt of Curaçao is currently 4.230 billion guilders. That is 81 percent of what all residents and companies of Curaçao earn in a year, the Financial Supervision Board reports in the implementation report for the third quarter of this year.
WILLEMSTAD
– The government debt of Curaçao is currently 4.230 billion guilders. That is 81 percent of what all residents and companies of Curaçao earn in a year, the Financial Supervision Board reports in the implementation report for the third quarter of this year.
That is an increase of 18 million guilders compared to the third quarter of 2021, but then the total debt was 91 percent of the gross domestic product. Curaçao has therefore started to earn more.
That is an increase of 18 million guilders compared to the third quarter of 2021, but then the total debt was 91 percent of the gross domestic product. Curaçao has therefore started to earn more.
This is also reflected in the tax revenues in 2022 so far. Curaçao realizes 1,278 million guilders in income up to and including the third quarter. This is substantially higher than in the same periods in 2021 and 2020, and also higher than in 2019.
This is also reflected in the tax revenues in 2022 so far. Curaçao realizes 1,278 million guilders in income up to and including the third quarter. This is substantially higher than in the same periods in 2021 and 2020, and also higher than in 2019.
The higher realization is explained by higher tax benefits of 1,181 million guilders. Last year that was still 983 million guilders. Curaçao also received higher income from license fees of 41 million guilders. With regard to taxes, the higher revenues from profit tax, sales tax, and import duties are particularly striking.
The higher realization is explained by higher tax benefits of 1,181 million guilders. Last year that was still 983 million guilders. Curaçao also received higher income from license fees of 41 million guilders. With regard to taxes, the higher revenues from profit tax, sales tax, and import duties are particularly striking.
These higher incomes are on the one hand the result of the economic upturn and inflation, on the other hand, Curaçao is taking significant steps to structurally increase tax compliance. This increases the tax base.
These higher incomes are on the one hand the result of the economic upturn and inflation, on the other hand, Curaçao is taking significant steps to structurally increase tax compliance. This increases the tax base.
Tax collection arrears are also being cleared, so that the income from property tax is higher than in previous years. But wage and income tax revenues show only a limited increase compared to the corona years 2020 and 2021 and are therefore not yet at the level of 2019.
Tax collection arrears are also being cleared, so that the income from property tax is higher than in previous years. But wage and income tax revenues show only a limited increase compared to the corona years 2020 and 2021 and are therefore not yet at the level of 2019.
https://www.curacaochronicle.com/post/main/public-debt-rises-slightly-but-decreases-in-relation-to-what-people-and-companies-earn-together/
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