Bashi Premie

This week, all public-sector employees received Bashi Premie, a total of Awg 1,918, each, as an allowance, negotiated by the collective labor agreement as a bonus, instead of a pay raise.

The name is criollo, as we’re all broke, because we overspent during the Christmas and New Year’s holidays, we all deserve a little sometime extra.

As far as I know, public-sector employees receive a series of bonuses, additional days off, and special spiffs, spread over the year, negotiated with the government in lieu of automatic salary increases.

So they all took home Awg 1,918, with the exception of parliamentarians and ministers.

MinFIn was proud to post on her FB wall that the funds were secured without Dutch assistance and that GOA on its own, managed to fulfil its obligation to workers.

Needless to say that employees in the private-sector who finance the public-sector got NO bonus this year, because the businesses they work for made zero money in 2021.

As far as I know, neither did GOA, but they paid the spiff anyway.

(Spiff= Sales Performance Incentive Fund, rewarding diligence.)

 

One of my friends, writes: But sure, why not pay public-employees what is lawfully theirs…since there does not seem to be any objection to this. Nobody has said anything about the 1.6 billion florin MinFin must find soon, to wrap up the 2022 budget, if the Dutch don’t pitch in… while nothing has changed to lower overhead costs… the personnel costs only went up, while the economy could never carry, not even 50% of the overhead expenses…. But since no one voiced any opposition to the payment, nothing from the Central Bank of Aruba, not a word from Parliament…so why not, you might as well pay it out.

 

Parliamentarian Hendrik Tevreden even complimented MinFin, thanking her in a special festive press release, for finding the funds.

Just to refresh your memory: We still don’t have a country budget. The advisory board, then parliament, still need to look at it, and ask questions. It should have been handed in last year.

In 2022, 1,360 billion in debt must be paid, 346 million borrowed on the international market, and 904 million owed to the Dutch, for salary subsidies, payable in April 2022. Also 110 million owed on the local market. The deficit then reportedly amounts to 291 million florins, 5.2% of our GDP.  (Source: Noticia Cla)

As usual, spending money we don’t have.

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January 12, 2022
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