Execution

The accounting ordinance (i.e. Art. 7 of Comptabiliteitsverordening 1989 (CV1989)) is the highest law regarding budget execution. The execution of the budget is carried out in accordance with the regulation on government budget and financial administration (i.e. Regeling Centrale Begrotings- en Financiële Administratie (RCBFA)) and the regulation on other financial administration (i.e. Regeling Overige Financiële Administratie (ROFA)). Both regulations are crucial for ensuring transparency, controllability, and legality of government expenditures. 

The RCBFA establishes the main rules for the entire financial cycle of the government. The ROFA sets out the practical implementation rules and complements the RCBFA by describing exactly how the financial administration of government departments should be managed. In practice, this means that implementation tasks must be organized in such a way that for each budget item there is always insight into the commitments made, rights, invoices, costs, and available resources. The Department of Finance oversees compliance with the aforementioned regulations, while each head of department is obliged to cooperate and report deviations in a timely manner. The results of these regulations is reflected in the execution report. 

The execution report stems from the Protocol between Aruba and the Netherlands dated May 2, 2015, and is legally established in the State Ordinance Aruba Financial Supervision (AB 2015 no. 39 and AB 2023 no. 67). The purpose of this report is to provide transparent information and accountability to the Parliament of Aruba, the Council of Ministers, and the Aruba Financial Supervision Board (CAft). The report is issued quarterly.

The report provides insight into:

  • the spending of resources and incurred costs compared to the budget;
  • the progress of investment projects;
  • the method of financing;
  • the financial position of the collective sector;
  • public-private partnerships;
  • the management of government debt;
  • the liquidity position of the government;
  • developments within financial management;
  • the status of personnel costs in relation to the agreed personnel expenditure norm.

This information contributes to a better understanding of financial policy and its execution by the Government of Aruba. The execution report is published in Dutch, and is accompanied by an executive summary in English.

Important dates

  • No later than six weeks after the end of each quarter, the execution report is sent to Parliament and the Aruba Financial Supervision Board (LAft Art. 17).

Execution documents per quarter