The implementation report was submitted to the CAft on time, as required by law.
ORANJESTAD – The Ministry of Finance announces that the government of Aruba has complied with the law and submitted its implementation report for the second quarter of 2025 on time.
During his weekly press conference, Minister of Finance, Economic Affairs, and Primary Sector Geoffrey Wever explained the implementation of the 2025 budget for the period January through June 2025.
The figures for the first half of 2025 show that 56% of the budgeted revenues have been received. Expenditures up to and including June 2025 are at 46% of the budgeted amount. Economic growth in the first six months of 2025 has led to increased revenues from VAT and import duties. Both are indicators of economic development: increased consumption and increased investment. The preliminary result meets the budgetary criteria as established by law. The Finance Directorate compiles the quarterly implementation report based on preliminary figures from the Aruban central government and data from institutions such as AZV, SVB, ATA, Serlimar, Stichting EPB, and the University of Aruba, which are part of the collective sector.
From January through June 2025, Aruba received 1,032 million florins in revenue, representing 56% of the 2025 budget. A total of 812 million florins was spent by Aruba, representing 46% of the total expenditures in the 2025 budget. Aruba paid 241 million florins and owed 122 million florins in interest between January and June 2025.
Of the total revenue, 417 million florins relate to direct taxes (40%), 440 million to indirect taxes (43%), and the remainder to various other types of revenue. Regarding indirect taxes, we received 34 million florins more in the second quarter of 2025 than in 2024.
A total of 334 million florins was received in indirect taxes, such as BBO (Bill of Sale Tax) and import duties, in the first two quarters of 2025. This is 29 million florins more than in the same period of 2024, when 305 million florins were received. This is due to the positive development of the Aruban economy.
Income from AZV, ATA, and SVb showed an increase from 523 million florins in the first two quarters of 2024 to 556 million florins in the first two quarters of 2025. The 33 million florin increase is due to the positive growth of the Aruban economy.
In the first two quarters of 2025, a total of 797 million florins was incurred in operating expenses. Of this amount, 258 million florins consist of personnel costs, which represent 51% of the total expenditures in the 2025 budget (509 million); 92 million florins are for goods and services, which represent 48% of the total expenditures in the 2025 budget (193 million); and the rest is for interest payments on Aruba's debt, which represent 41% of the total interest expenditures in the 2025 budget (294 million).
As required by law, the Aruba Financial Supervision Council (CAft) must receive the implementation report within six weeks. The government of Aruba complied with the law and submitted the implementation report for the second quarter of 2025 on time. The preliminary result for the first half of the year is positive, as Aruba is on track to continue meeting the legally established budgetary standards.
Minister Geoffrey Wever thanks the Department of Finance for the work to prepare the implementation report and, as required by law, submit it to the CAft on time. The Aruban Parliament 2025 approved the budget unanimously. In the interest of transparency and information, the Aruban Parliament has also received the implementation report for the second quarter of 2025.
