KRALENDIJK – The Public Entity of Bonaire (PEB) now has two newly developed economic policy models at its disposal: the macroeconomic model BONóstiko and the purchasing power model KOMBO. These models allow the Public Entity of Bonaire to better map the economic and social consequences of policy choices, so that decisions are increasingly based on facts, figures and objective analyses.
To strengthen knowledge within the organisation, the Economic Bureau Amsterdam (EBA) provided a two-day training in early July for employees of the Public Entity of Bonaire and the Deputy for Economic Affairs. In addition, the models were presented to the Executive Council and various stakeholders, ensuring they are aware of the possibilities these new tools offer.
BONóstiko makes it possible to monitor economic developments and calculate various policy and future scenarios. KOMBO shows the impact of changes in taxation and social security on the purchasing power of different households.
Commissioner for Economic Affairs Jennifer Mohamedjoenoes said: ‘With BONóstiko and KOMBO, we are investing not only in new tools, but above all in the knowledge and analytical capacity of Bonaire. This way, we can better substantiate our policy choices and work towards a strong and resilient economy for the future.’
Towards professional economic policy
By making use of BONóstiko and KOMBO, the Public Entity of Bonaire is taking an important step towards professional, data-driven economic policy, in which the effects of policy measures become more measurable.
