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 budget for the parliament is 7.3 million guilders ($4.1 million), an increase of 12.7 percent. Remarkable are the 23 percent increase 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...
St. Maarten hardly makes use of European support funds
PHILIPSBURG — There are twenty European funds St. Maarten could call on for financial assistance, it appears from a letter State Secretary Alexandra van Huffelen (Kingdom Relations) sent to the Dutch parliament. More...
National debt stabilizes at the end of third quarter
PHILIPSBURG — St. Maarten’s national debt increased over the first two quarters of 2023 but stabilized more or less at the end of the third quarter. This appears from reviews by financial supervisor Cft. More...
Government faces compensation claim for patient’s solitary confinement death, no response given
PHILIPSBURG — The Government of St. Maarten is under legal scrutiny as it has been mandated to compensate the family of Caulette Julien, who tragically died in August 2020 while in solitary confinement at More...
Culture at GEBE is unhealthy, Integrity Chamber says
PHILIPSBURG — The company culture at utilities company GEBE is unhealthy due to a lack of communication between management and employees, the Integrity Chamber concludes after investigation the situation More...
It’s official: Elections on January 11, 2024
PHILIPSBURG — It’s official: parliamentary elections will take place on January 11, 2024, and parties will have to submit their lists of candidates on November 22. The government published the national More...
New gambling legislation is a work in progress
PHILIPSBURG — The first draft of a new gambling law has been completed, it appears from the third implementation report that details progress on measures that are part of the country package. The Temporary More...
Emiko Bird-Lake appointed as Acting Governor
PHIIPSBURG — Emiko Bird-Lake has been appointed as Acting Governor. The Kingdom Council of Ministers approved her nomination for the position on Friday. Bird-Lake was born in St. Maarten in 1971. She studied More...