ACTIVO DOMESTICO NETTO A SUBI – NET DOMESTIC ASSETS INCREASED
ACTIVO DOMESTICO NETTO A SUBI
Resumen di e Relato Mensual di November 2016
Desaroyo monetario
Den e luna di November 2016, e cantidad di placa den circulacion a subi cu Afl. 9,6 miyon te na Afl. 4.073,4 miyon, compara cu e luna anterior. Esaki a wordo causa door di un crecemento di Afl. 11,0 miyon den e activo domestico netto y un bahada di Afl. 1,4 miyon den e reserva di divisa netto. E desaroyo den e activo domestico netto a surgi door di un subida di Afl. 19,5 miyon den credito domestico, cual a wordo parcialmente mitiga pa un caida di Afl. 8,5 miyon den transaccionnan no relata na credito. Credito domestico a crese debi na un aumento di Afl. 19,3 miyon den credito bancario na e sector priva. Tambe, credito netto na e sector publico a subi cu solamente Afl. 0,1 miyon. Crecemento den credito na empresa (+Afl. 12,7 miyon), hipoteca pa vivienda (+Afl. 4,5 miyon) y credito na consumidor (+Afl. 2,1 miyon) a contribui na e subida den credito bancario na e sector priva. E desaroyo marginal den credito bancario netto na e sector publico ta debi principalmente na un caida den e fondo pa desaroyo di Afl. 6,2 miyon, cual a wordo pa gran parti mitiga door di un bahada den e debenan di gobierno di Afl. 5,4 miyon. E caida den transaccionnan no relata na credito a resulta for di un expansion den e asina yama “shareholders’ equity”, “borrowings” y “accounts receivables and prepayments”.
E bahada den reserva di divisa netto di e sector bancario ta debi na benta netto di divisa di Afl. 205,6 miyon na publico, principalmente relaciona cu pago netto pa importacion di mercancia, e asina yama “income account” y otro servicionan. Esaki a wordo parcialmente mitiga pa compra netto di divisa di Afl. 204,2 miyon for di publico, primordialmente relaciona cu turismo y trasferencia netto for di cuentanan den exterior di companianan local.
Inflacion
E nivel general di prijs, cu ta wordo midi door di e indice di prijs di consumo, a keda mescos compara cu e aña anterior. E contribuyentenan primordial ta e componente “Vivienda”, cual a registra un bahada, y e componentenan “Transporte” y “Cuminda y bebida no-alcoholico”, cualnan di otro banda a registra un aumento. Si exclui e componentenan di cuminda y energia for di e indice di prijs di consumo, inflacion ta mustra un crecemento di 0,4 porciento compara cu November 2015. Pa loke ta trata e promedio anual di e tasa di inflacion, esaki a registra un bahada di 0.9 porciento na November 2016, compara cu -1.0 porciento na October 2016.
Turismo
Na November 2016, e cantidad di turista a registra 78.622 bishitante, cual tabata 28,7 porciento (-31.685 bishitante) menos cu na November 2015. E bahadanan den e mercado di Latino Americano di 66,5 porciento (-30.621 bishitante), e mercado Europeo di 2,5 porciento (-184 bishitante) y e mercado Norte Americano di 1,1 porciento (-572 bishitante) a contribui na e desaroyo negativo den e cantidad di turista. E caida den e mercado Latino Americano a wordo primordialmente causa pa menos bishitante for di Venezuela (-31.573 bishitante of -79,6 porciento). E mercado Europeo mengua cu caida den bishitante for di Suecia (-343 bishitante of 28,4 porciento) y Finlandia (-76 bishitante of 57,1 porciento). E bahada den e mercado Norte Americano a resulta dor di un reduccion di 5,5 porciento y 0,8 porciento den bishitante for di Canada (-193 bishitante) y Merca (-379 bishitante), respectivamente. E cantidad di turista crucero a registra un caida di 1.927 bishitante of 2,4 porciento te na 77.826 na November 2016, compara cu November 2015. E cantidad di barconan a crece for di 35 na November 2015 pa 38 na November 2016.
Entrada di Gobierno
Na November 2016, entrada di gobierno a suma Afl. 97,8 miyon, un aumento di Afl. 9,4 miyon compara cu e mesun luna di e aña anterior. E crecemento aki ta resultado di un subida di Afl. 17,2 miyon den entrada di impuesto y un caida di Afl. 7,9 miyon den entrada no relata na impuesto. E crecemento den entrada di impuesto ta relata principalmente na aumento den impuesto riba ganashi (+Afl. 22,2 miyon) y impuesto riba e asina yama “overdrachtsbelasting” (+Afl. 1,5 miyon), mientras cu impuesto riba entrada a keda igual na Afl. 19,0 miyon. Di otro banda, a registra caida riba accijns riba gasolin (-Afl. 5,1 miyon), impuesto riba devisa (-Afl. 2.6 million) y accijns riba tabaco (-Afl. 1,0 miyon).
Banco Central di Aruba
30 Januari 2o17
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NET DOMESTIC ASSETS INCREASED
Summary of the Monthly Bulletin of November 2016
Monetary developments
In November 2016, money supply registered a rise of Afl. 9.6 million to Afl. 4,073.4 million, compared to the previous month, resulting from an increase in the net domestic assets of Afl. 11.0 million and an Afl. 1.4 million decrease in the net foreign assets. The growth in the domestic component of the money supply was the result of an Afl. 19.5 million increase in domestic credit, which was partly offset by an Afl. 8.5 million decrease in non-credit related balance sheet items. Domestic credit rose as a result of an Afl. 19.3 million increase in the claims of the banking sector on the private sector. In addition, the net claims on the public sector inched by Afl. 0.1 million. Expansion in loans to enterprises (+Afl. 12.7 million), housing mortgages (+Afl. 4.5 million) and consumer credit (+Afl. 2.1 million) contributed to the growth in claims of the banking sector on the private sector. The marginal increase in net claims on the public sector was mainly the result of a decline in development funds of Afl. 6.2 million, which was largely offset by a decrease of Afl. 5.4 million in gross claims. The fall in the non-credit related balance sheet items resulted mostly from expansions in ‘shareholders equity’, ‘borrowings’ and ‘accounts receivables prepayments’.
The drop in the net foreign assets of the banking sector resulted from net sales of foreign exchange of Afl. 205.6 million to the public, largely associated with net payments for goods, income and other services, which were largely counter-balanced by net purchases of foreign exchange of Afl. 204.2 million from the public, mainly associated with tourism and net transfers from foreign account.
Inflation
The consumer price index (CPI) for November 2016 remained unchanged year-over-year (YoY). The main contributors were the component “Housing”, which recorded a decrease, and the components “Transport” and “Food and Non-Alcoholic Beverages”, which alternatively registered an increase. Excluding the effect of food and energy , the growth in the core CPI was 0.4 percent (YoY). The 12-month average inflation rate dropped to -0.9 percent in November 2016, compared to -1.0 percent in October 2016.
Tourism
In November 2016, the number of stay-over visitors totaled 78,622, which was 28.7 percent (-31,685 visitors) less than in November 2015. The decline in the Latin American market of 66.5 percent (-30,621 visitors), the European market of 2.5 percent (-184 visitors) and the North American market of 1.1 percent (-572 visitors) contributed to the contraction in stay-over visitors. The decrease in the Latin American market was predominantly caused by a drop in visitors from Venezuela (-31,573 visitors or -79.6 percent).
The drop in the European market resulted from decreases in arrivals from Sweden (-343 visitors or 28.4 percent) and Finland (-76 visitors or 57.1 percent). The decline in the North American market resulted from contractions of 5.5 percent and 0.8 percent in arrivals from Canada (-193 visitors) and United States (-379 visitors), respectively. The number of cruise visitors registered a downturn of 1,927 or 2.4 percent to 77,826 in November 2016, compared to November 2015. The number of ship calls rose from 35 in November 2015 to 38 in November 2016.
Government revenue
In November 2016, total government revenue amounted to Afl. 97.8 million, which was Afl. 9.4 million higher than in the same month of the previous year. This increase resulted from a rise of Afl. 17.2 million in tax revenue and a decrease of Afl. 7.9 million in non-tax revenue. The expansion in tax revenue was largely caused by a growth in profit tax (+Afl. 22.2 million) and transfer tax (+Afl. 1.5 million), while wage tax remained unchanged at Afl. 19.0 million. On the other hand, decreases were registered in excises on gasoline (-Afl. 5.1 million), foreign exchange tax (-Afl. 2.6 million) and excises on tobacco (-Afl. 1.0 million).
Centrale Bank van Aruba
January 30, 2017