The Central Bank of Curaçao and Sint Maarten (CBCS) published an update on its annual economic research symposium, which examined how government policy choices shape economic growth under the theme “Footprints of Government in the Economy: Analysing the Trade-offs”. The event highlighted the need for evidence-based policymaking and for fiscal policy to be aligned with long-term sustainable economic objectives. Executive Director Dr. José Jardim opened by comparing the public finances of Curaçao, Sint Maarten, and Aruba, flagging vulnerabilities to external shocks. Presentations covered risks to Aruba’s social-security system, with warnings that current policies would lead to deficits in public pension and health-insurance schemes, and CBCS research across ten Caribbean countries concluding that higher government spending tends to hinder growth, supporting a shift toward longer-term, growth-oriented fiscal practices. A panel discussion brought together public-finance and social-security experts, alongside public- and private-sector participants. CBCS made the symposium presentations available on its website.
Central Bank of Sint Maarten & Curacao 2025-02-03
Central Bank of Curaçao and Sint Maarten research symposium urges aligning fiscal policy with long-term sustainable growth
The Central Bank of Curaçao and Sint Maarten held a symposium on "Footprints of Government in the Economy: Analysing the Trade-offs," emphasizing evidence-based policymaking and sustainable fiscal policy. Executive Director Dr. José Jardim highlighted vulnerabilities in public finances and risks to Aruba’s social-security system, advocating for growth-oriented fiscal practices. Presentations underscored the negative impact of high government spending on growth.