RSSAruba: First Quarter Deficits Over 100 million Florins already … A Sign of Things to Come
Budget deficits in Aruba …
For the first quarter of the year Aruba is already showing a 100 million florin budget deficit. Over government spending could be one cause; however, do not think that anticipated revenue from taxes from visiting tourists is also not part of the problem as well. Tourism is still not yet at pre-Natalee Holloway disappearance numbers, energy costs are higher and people are not spending as much in vacations. Opposition AVP leader claiming that budget deficit is because of MEP’s excessive expenses for the apparatus of government. However, these issues never used to happen during the Aruban tourism bonanzas.
Deficit first quarter 100 millions already (Amigoe: 5/14/2008)
AVP-leader Mike Eman and his wife Doina have surprised elderly mothers with their visit. The couple was accompanied by the well-known folklore singer Robert Maduro, who gave the elderly mothers a serenade.
ORANJESTAD – The budget deficit in the first quarter of 2008 is about 100 million florins, concluded opposition party AVP after comparing the budget for the current year with the figures of the income from income-, import-, and excise taxes in the first three months.
These lie respectively 20 and 40 percent behind the estimates. There is also an arrears of 10 million florins with the premiums of the AZV, 10 millions with Serlimar, and 13 millions due to the indexation. If the government wants to cover this deficit through tax measures, it’s going to cost the citizens 5 percent of their income, said the AVP.
“We have presented Finance-minister Nilo Swaen a very accurate picture of the deficits that now appear as a so-called surprise. We did this during the consideration of the above-mentioned budget.” Eman indicated that it can be done differently and better and refers to the alternative budget that his party has created.
He says that the budget figures clearly show that the deficit does not stem from insufficient income, but from excessive expenses for the apparatus of government.
“The government has increased all sorts of taxes and then used the net-proceeds of the bbo in 2007 to finance the enlargement of the apparatus of government. In order to pay for hiring extra personnel, the taxes were increased with an extra 100 millions.”
The priorities in the alternative budget of the AVP are: better education, a smaller government, stronger infrastructure, specific reduction in the financial burden of buying power correction, and lowering the interest; a total restructuring of 185 millions. Not only is Swaen’s budget a ‘sham budget’, but the expenses in the 2008 budget are also of very little policy.
Posted May 14, 2008 by Scared Monkeys Amigoe, Aruba, boycott, Economy, Government, Travel | 24 comments |
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24 Responses to “Aruba: First Quarter Deficits Over 100 million Florins already … A Sign of Things to Come”
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Now if you will look back into the past, you will find my comments indicating that a deficit was in the future (here now) and the forces which would produce it. It is not likely that they will recognize what has caused this problem so no improvement should be expected. The future of Aruba is quite grim… JS
hey John, long time no see….and so you did predict this…this volcanic ashe is going down, to bad they dont see it. The rich will leave the island and the poor ppl will die…what a shame. Instead of doing the right thing, they decided to just throw a life away….God does not like UGLY…hes gonna make you pay for what youve done to Natalee,LIERUBA…
There’s a saying that you get what you pay for.
How does that saying strike you these days, Aruba?
You’re paying through the nose for your government … happy with what you’ve bought?
How about you, Holland? Aruba has been asking, begging, grabbing, demanding money … has it gone to a worthwhile cause?
There’s another saying, too:
“As they sow, so shall they reap.”
Or, in more modern lingo, what goes around comes around.
It’s coming to you, Aruba. Don’t blame us. Blame yourselves.
Die Aruba Die!!!
They need to send Charlie Ratcliff’s gi-goondo windbag a$$ back down there to see if he could lend a brudda up a “HUNDIE!” ($100 US)
Hey Charlie, you still WUB ARUBA even though they PO’ , right?
Is tourism still up 2.5 percent? You big waste of a no good buzzard cushion. ha ha
We will never find justice for Natalee, I think that is obvious….as for the rest of this it’s only more of the same…!!!! Depression….and we cannot do anything about it…..!!!
Little you know about Aruba’s economics. To get too excited yet. Aruba’s economy follows the normal cycles, so to the worldwide fear of recession (caused by your very own US credit chrunch) is also kicking in on Aruba. Very simple minded to blame that on your sad little boycott. It’s the economy stupid.
4) Jack, are you serious ? 100.000 deaths to compensate one girl missing ? You probably burn
crosses on other peoples lawns.
__________
SM: How pathetic that one cannot debate in today’s society w/o making a racist, Nazi or KKK reference. You may want to check your own mirror.
Please do not be so naive as to compare a US economy to that of Aruba, that’s simply naive. Its like comparing a 3000 ft ship to a 32 ft speed boat. One takes 2 miles to make a turn, the other 10 ft. When tourism makes up 70% of one’s economy guess what has the greatest chance of making an impact on tax revenue?
It is not just a boycott that makes people not go to a particular tourism spot, it could be the bad PR. There are 1000′s of locations people can spend their $’s. Its up to Aruba to market themselves and not sit back on their laurels. The tourism days of the 80′s for Aruba are long gone. Its called competition and personal choice.
R
[...] Budget deficits in Aruba … For the first quarter of the year Aruba is already showing a 100 million florin budget deficit.Aruba: First Quarter Deficits Over 100 million Florins already A Sign of Things to Come [...]
BTW If you are going to use Aruba’s deficit as a sign of things to come for Aruba, when did you last check the US deficit ? You must have done something really really bad …………… might be these innocent bodies piling up in Iraq.
__________
SM: Yea, cuz there is no terrorism is Europe, eh?
Aruba’s problems are easily fixed, yet are not. For years in Aruba cronism has been an issue but they spent like drunken sailors because there was such an excess of tax revenue that no one cared or bothered to see the excess of political appoited jobs. When one does nothing to plan for a rainy day, this is what happens.
Any problem in US is not a result of war, its a result of the fact that the US hsa not had an energy policy in over 30 years.
However, Aruba’s issues are much different … Tourism is King … Aruba has bad PR.
Brie, There will be JUSTICE FOR NATALEE…you must not give up…none of us. Just keep the faith and you will see, one day she will get justice. Who knew all of the awful things about LIERUBA before Natalee???She has been the source of us finding all of these deep dark secrets that they wanted to keep from us….and there is more coming to light everyday…so have patience and believe….it will happen…
aruba is a death TRAP
Actually Don, in the past I indicated that the actions of Aruba would directly lead to their current situation. If you look at where Aruba stated it was trying to go, 5 years ago, coupled with the actions that the government has taken, they have placed themselves into a ridged model with a very predictable result which has now started. They have further demonstrated a total myopic view demonstrating that they do not understand the market in which they live. As I indicated, the most that they can expect based upon their actions is a flat to downward economy for at least 10 years. As they have answered the call far worse than others it has a long time left to follow the course. Investment money, RUN!
Comparing the U.S. deficit to that of Aruba is simply stupid. Guess which country has more power to produce? Guess which economy is more dominant?
Aruba’s biggest business is tourism … taking the money of outsiders, all the while producing nothing. (Its biggest business officially, anyway … the extent of the drug trafficking and money laundering hasn’t been calculated.)
A change of sentiment on the part of tourists … and there goes Aruba’s biggest business.
What does Aruba have to offer that can’t be found elsewhere … at a lower price? Nothing.
Don, just give it a rest. The people here are not open to other people’s views and are suffering from extreme tunnel vision.
We are considered trolls just because we have a different view on some of the aspects of the dissapearance of Natalee.
Some of the monkeys here say whatever they want in such a rude and hateful way, while they on the other hand will not accept any criticism….
it’s hopeless.
#10….Thanks Vicki, it’s just that sometimes it becomes so disheartening…..we can’t find Natalee, Joran and Paulus, the Kalpoes, Koen and Sander, none of them are ever going to talk…just when we think we might have something the freakin’ judge tells us no….but your right, none of us can give up….appreciate your words of encouragement….and all your hard work and dedication….
Another point to consider is that Aruba (pre-Natalee) was in growth mode.
It would be interesting to compare where Aruba stands now economically and where Aruba PROJECTED AND EXPECTED to be.
To Don, Amsterdam, JusticeforNatalee, and all. On this site I have detailed what is to be expected for the future of the economy of Aruba and WHY. What is happening now fits right into the economic model which I have presented. The deficits will continue to grow in the future not reduce. Private development projects will continue to Not go forward etc. Government revenue will continue to decline. Consider this, Aruba has reacted far worse to its main problem then their competitors in the region have to similar problems. They continue to keep their collective heads in the sand and their bloated government continues to not understand taxing policy and its effect upon their economy. It is going to be a long dark night for Aruba…JS
What I respect about you, John, is that you manage to paint a picture of what is happening in Aruba, without giving in to anger. You are fair and balanced.
Emotion doesn’t
seem to factor into
your assessments.
That is good! I wish I could do that. LOL
You have been on target. What you have said, is happening to them.
my first thought after the natural bridge collasped… within…a day or two????… after joran was released, was that it was mysteriously connected with Natalee
18- CARPE, you are so right…emotions are so hard to deal with concerning Natalee and what happened to her…I wish I could be more logical, bt that is what balances all of us, ppl like John, crossbows,Richard, lilpuma…not that they arent as upset by all of this but they handle it better than me cause I want to RIP Urines eyes out..I want to smack the grin off his face along with his parental figres and everyone who stands in the way of truth and justice..but I know that in GODS time the facts will be known and the EVIL VILE ppl involved will get theirs…so I bide my time and organize BOYCOTT PROTESTS as we all do what we can to wait patiently for justice to come…Have a great day ppl…
vicki
you have every right to feel as you do about joran and his parents and all involved…
I get so agitated when I see his arrogant attitude popping out here and there partying and more so.. to see how his parents bend to his every beck and call… he is lazy has no job no skills ………… all he thinks of is sex drugs gambling and seeking american girls… he is a very sick individual and his parents will pay right along with him for everything they took part and all the things they enabled him to do…
you would think that they would cut the apron strings…..
he has no intention of a career beyond criminal activity………………evil evil
p.s
and every time I see the kalpoes I just wanna puke
satish with those big bug eyes and big lips….
deepak with that crooked mouth… they are just as ugly and weird as joran….
they too will get theres….I had heard that they were deported from their suramese country because of similar incidents with girls….!!!!
P.S.S
THOSE IDIOT PARENTS FINANCE HIS EXTRAVAGENT GAMBLING LIFE STYLE AND PARTYING….
THEY THINK THEY ARE DOING HIM GOOOD BUT WAIT AND SEE WHAT THE END RESULT IS…
ARUBA IS PAYING FOR HARBORING THEM AND WILL CONTINUE TO PAY….
THEY HARBORED MURDERS………………
ALL THOSE INVOLVED COULD HAVE BEEN HELD RESPONSIBLE .. ARUBA’S LAWS ARE SO LAX THAT THEY PROBABLY ALL WOULD BE OUT OR CLOSE BY NOW
INSTEAD THEY CHOSE TO PROTECT
A SICK DEPRAVED PAUULUS AND A SICK MOTHER ANITA…. SICK MENTALY…………..
WELL ARUBA DO YOU THINK NOW YOU DID THE RIGHT THING. WERE PAUULUS AND JORAN WORTH IT!!!!!!!!!!!!! PAUULUS ISNT REPLACING THE TOURISM DOLLARS YOU HAVE LOST AND WILL CONTINUE TO LOOSE…..
THIS CHOICE YOU MADE ARUBA WILL COST YOU DEARLY… THE END IS NOWHERE IN SIGHT…………
THROW THEM OUT OF ARUBA…..
POLISHING THE SILVER PLATTER
WE WANT THEIR HEADS ON A SILVER PLATTER!!!!