Search Results for: cft
Financial situation social security funds is untenable, Cft says
PHILIPSBURG — The financial situation of St. Maarten’s social security funds is untenable, financial supervisor Cft writes in a reaction to the country’s second execution report for the year 2021. The More...
MP Buncamper issues statement about CFT: All smiles, but no answers
On Tuesday, July 6th, 2021 the parliament members of the Finance committee had a closed-door meeting with the CFT to be informed of the position of the CFT on the financial situation of the island. A presentation More...
Politicians and civil servant must contribute to pension system and SZV-funds, Cft advises
PHILIPSBURG — St. Maarten ought to amend legislation as soon as possible so that civil servants and politicians start paying a 10 percent contribution towards healthcare costs, financial supervisor Cft writes More...
Cft urges St. Maarten to implement revenue-increasing and cost-cutting measures
PHILIPSBURG — St. Maarten has to speed up the implementation of revenue-increasing and cost-cutting measures if it wants to return to structural budget-surpluses in the near future. “Without additional More...
Pro Soualiga Foundation is grasping at straws with letter to Cft
PHILIPSBURG – After its defeat in the Court in First Instance on October 9, the Pro Soualiga Foundation sent a letter to the chairman of financial supervisor Cft asking that it ceases operations because the Cft More...
Minister Irion contests Cft’s take on article 16
PHILIPSBURG – Finance Minister Ardwell Irion disagrees with financial supervisor Cft about its opinion that, by floating a 75 million guilders bond with the Central Bank, St. Maarten violates article 16 of the More...
Cft objects to intended 75 million bond issue
PHILIPSBURG – Unless Finance Minister Ardwell Irion makes a U-turn, there will be a 75 million guilders bond issue for St. Maarten on October 21. It is an expensive attempt to get the country out of its financial More...
MP Buncamper urges the government of the Netherlands to stop hiding behind the CFT
PHILIPSBURG — In light of today’s meeting of the Kingdom Council of Ministers in The Hague, MP Claudius ‘Toontje’ Buncamper issued a statement to the press on Friday night urging the More...
Glenn Thodé new member Cft Bonaire, Sint Eustatius and Saba
Willemstad – Dr. Glenn A.E. Thodé has been appointed in the Council of Ministers of June 19th, 2020 as a member upon the proposal of the public entities Bonaire, Sint Eustatius and Saba as of July 1st, 2020. More...
Financial supervisor Cft critical of 2020 budget
PHILIPSBURG — Financial supervisor Cft has expressed serious criticism about St. Maarten’s approved 2020 budget in a letter to Finance Minister Ardwell Irion dated May 20. The letter became public this More...
