Introduction of the 2024 budget note is the first budget note of the country of Aruba to be presented to the Parliament of Aruba and to the people in general. The note provides information on the highlights of the concept of the Budget Law of the Republic of Aruba for the year 2024, which was submitted to the Parliament on September 1, 2023.
This note is a brief summary of the financial translation of the policy plans of the Wever Croes II Cabinet to continue working on the future of our country. Welfare and public finance Sustainable public finance is a prerequisite for the welfare of the people of Aruba.
Welfare is a broad concept, however in relation to the decisions taken by the Government and translated into the budget, we can define it as: a growing economy with a positive budget balance, which contributes to the reduction of the debt of the country Aruba.
An important factor is the economic outlook and expected inflation. However, the prosperity of our country is not based solely on the degree of economic growth and/or government debt. Also important are the conditions that the government itself creates to foster prosperity, which can translate into welfare for the people, such as attention to health care, education, clean environment, security, territorial planning and innovation.
By investing more in prosperity, this provides more opportunities for the people of Aruba to realize their own well-being. Economic growth There is a view of the economic outlook for the coming years. An increase in nominal growth expressed in Gross Domestic Product1 was predicted for the next few years, surpassing the level of 2019