Page 25 - ARUBA BANK

A16 LOCAL
Wednesday 22 May 2019

Business loans and housing mortgages continued to increase

Summary of the Monthly Bulletin of March 2019

Monetary developments on the public sector resulted from ciated with foreign exchange rev- month of the previous year. This
Compared to February 2019, mon- declines in government depos- enue from tourism exports. outcome resulted from decreases
ey supply expanded in March 2019 its of Afl. 60.9 million and in gross in both nontax revenue and tax
by Afl. 59.0 million to Afl. 4,406.1 claims of Afl. 24.7 million. Claims of Inflation revenue of Afl. 7.6 million and Afl.
million, due to an increase in net the banking sector on the private The consumer price index (CPI) for 2.6 million, respectively. The reduc-
domestic assets of Afl. 80.6 million, sector expanded, due to higher March 2019 noted a 4.0 percent tion in tax revenue was associated
which was partly offset by a de- business loans (+Afl. 33.2 million), increase year-over-year (YOY). The mainly with declines in income
crease in net foreign assets of Afl. housing mortgages (+Afl. 5.1 mil- main contributors to this rise were from profit tax (-Afl. 5.4 million),
21.6 million. The upsurge in the do- lion), and consumer credits (+Afl. the components “Food and Non- transfer tax (-Afl. 3.6 million) and
mestic component of the money 2.6 million). Alcoholic Beverages” and “Com- foreign exchange tax (-Afl. 2.2 mil-
supply was due to increases in do- munication”. Furthermore, by ex- lion). These downturns were largely
mestic credit and non-credit relat- The Afl. 21.6 million decrease in the cluding the effect of food and offset by increases in income from
ed balance sheet items of Afl. 77.2 net foreign assets of the banking energy, the core CPI grew by 2.2 turnover tax (+Afl. 7.0 million; intro-
million and Afl. 3.4 million, respec- sector resulted from net sales of percent (YOY). The 12-month aver- duction of the B.A.V.P as opposed
tively. The expansion in domestic foreign exchange of Afl. 260.9 mil- age inflation rate was 4.1 percent to the same month in 2018), and
credit resulted from rises in the net lion to the public, mostly related to in March 2019, compared to 4.0 income tax (+Afl. 2.4 million).
claims of the banking sector on the payments for goods, other invest- percent in February 2019. Tourism
public sector and the claims of the ment, other services and net trans- Please note that figures on tourism
banking sector on the private sec- fers to foreign accounts. These Government were not yet available at the time
tor of Afl. 36.3 million and Afl. 40.9 were largely offset by net purchas- Total government revenue amount- of publication of this bulletin.q
million, respectively. The upturn in es of foreign exchange of Afl. 239.3 ed to Afl. 83.5 million in March 2019,
net claims of the banking sector million from the public mainly asso- Afl. 10.1 million less than the same By the Centrale Bank van Aruba

The Great Power of Compassion

SANTA CRUZ — A monk and and starts at 6.30 PM until 8
a yogi sharing about com- PM. You are most welcome
passion and giving you in- to come and gather.
sights that open the heart.
Isn’t that a wonderful way The Brahma Kumaris World
to grant yourself some in- Spiritual University is a spiri-
ner peace and tranquility? tual movement that origi-
Brahma Kumaris Center at nated in Hyderabad, Sindh,
Santa Cruz 113 organizes during the 1930s. The Brah-
this special lecture for free, ma Kumaris movement
only win is your renewed was founded by Lekhraj Kri-
energy. Join in coming Sat- palani.
urday evening.
The organization is affiliated
Geshe Chamba Tonyut, with the United Nations and
monk, and Bk Rota Grun, is known for the prominent
yogi, will be waiting for you role that women play in the
to share thoughts and in- movement.
sights about compassion.
A beautiful evening where More information is to be
hearts will be touched. The found at Facebook: Brah-
evening will be in English ma Kumaris Aruba. q