QUARTERLY BULLETIN 2006-II

This issue of the Quarterly Bulletin contains also three articles. The first article 'The turnover tax (BBO) and its macroeconomic implications' analyses in detail the assumptions and macroeconomic implications surrounding the BBO, while the second article 'Introduction of the turnover tax system (BBO) in Aruba' is a presentation held by the Bank on November 23, 2006 regarding its view on the introduction of the turnover tax (BBO) as of January 1, 2007. The third article 'Recent developments in the Aruban real sector, and the outlook' describes some trends in the real sector of Aruba between 2001-2005, and provides a brief outlook of the short-term future, including the factors that may affect the economic outcome of Aruba.