Millions in subsidies available for sustainable projects
PHILIPSBURG — State Secretary Alexandra van Huffelen has made more than $23 million in subsidies available to St. Maarten for projects that strengthen the country’s sustainable ability to generate income. The objective of the subsidy-regulation is to contribute sustainably to the economic development of the country with a system of guarantee-regulations More...
Finance Minister Gumbs criticizes Ennia-solution
PHILIPSBURG — Finance Minister Marinka Gumbs is highly critical of the proposed solution to keep insurance company Ennia out of bankruptcy. The Netherlands has made the interest rate St. Maarten has to pay More...
National Alliance suggests budget amendment to facilitate solution for energy crisis
PHILIPSBURG – The faction of the National Alliance (NA) has requested an urgent meeting of parliament with the objective to establish an amendment to the national budget to facilitate the purchase of generators More...
Draft 2024 budget shows modest surplus
PHILIPSBURG — The draft 2024 budget mentions 572.2 million guilders ($319.7 million) in expenditures and 574.8 million ($321.1 million) in revenue – a modest surplus of around 2 million ($1.1 million). The More...
CFT expresses concerns about future of old age pensions
PHILIPSBURG — Financial supervisor CFT has expressed its concerns about the future of the old age pension (AOW) in St. Maarten. In a press release, the Cft notes that, starting in 2029, premiums will not More...
CFT foresees much higher surplus for 2023
PHILIPSBURG -- Financial supervisor CFT projects a much higher positive result for St. Maarten’s 2023 budget than the government. According to the ministry of finance the result for 2023 will be a surplus of More...
Audit Chamber report is critical of travel expenditures
PHILIPSBURG — The General Audit Chamber’s audit into public sector travel contains a handful of recommendations aimed at improving accountability. Among them is the establishment of a national decree containing More...
Central Bank launches Caribbean guilder in March 2025
PHILIPSBURG — The Caribbean Guilder will replace the Antillean Guilder per March 31, 2025, the Central Bank of Curacao and St. Maarten announced in a press release. Initially, the bank’s 2022 annual financial More...
Cft remains critical of St. Maarten’s annual account
PHILIPSBURG — It is uncertain that the 2021 annual account presents an accurate picture of St. Maarten’s financial position, Drs. Lidewijde Ongering, the chairlady of financial supervisor Cft writes in More...
Central Bank reaches agreement to protect Ennia pensions
PHILIPSBURG — The Central Bank of Curacao and St. Maarten (CBCS) has reached an agreement with the governments of Curacao and St. Maarten whereby there is no need for cuts in the pensions of Ennia policy More...
