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March 30, 2026
Sint Maarten – The College for Financial Supervision (Cft) is “seriously concerned” about the liquidity position of Sint Maarten. The balance is declining so rapidly that, according to the Cft, there is “a real risk of not being able to meet obligations and absorb setbacks.” This is according to a news report published on DossierKoninkrijksrelaties.nl.
From the Cft’s response to the (once again submitted far too late) implementation report for the fourth quarter of 2025, it appears there is even more cause for concern. Sixteen years after 10-10-10, financial management is still described as disorganized. Budgets are structurally approved too late, forecasts repeatedly prove unrealistic, reports are incomplete, figures contradict each other, and ambitions—such as investments—are far from being realized.
Although the Cft has once again shared its ongoing concerns with the Kingdom Council of Ministers, the response has been limited to polite letters urging the government in Philipsburg to improve. These, however, appear to have little impact.
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