Published On: Wed, Mar 13th, 2019

There is a hole in the budget

Hole in the bucket

POND ISLAND — The draft 2019 budget closes with a deficit of 67.2 million guilders. The government projects 478.8 million in expenditures this year and 411.6 million guilders in revenue.

The tax office project requires a 60 million guilders investment. Twenty million is for the replacement of obsolete IT-systems, 10 million for arrears and 30 million for the construction of a new building.

According to the elucidation with the budget, Finance Minister Perry Geerlings expects that budget deficits over the years 2017 to 2020 will amount to 250 to 275 million guilders, while there are still 64 million in deficits on the books over previous years.

Measures will be implemented to raise revenues and to decrease expenditures. Will the additional revenue-increasing and expenditure-decreasing measures affect ordinary citizens? Read our full reports online here to find out…

Draft 2019 budget closes with 67.2 million deficit
https://stmaartennews.com/finance/draft-2019-budget-closes-67-2-million-deficit/

Civil service operates at 70 percent
https://stmaartennews.com/labor/civil-service-operates-70-percent/

Government wants to establish a bodyguard unit
https://stmaartennews.com/real-estate/collection-long-lease-fees-seems-problematic/

Collection long lease fees seems problematic
https://stmaartennews.com/government/government-wants-establish-bodyguard-unit/

Pension reform possibly into effect per May 1
https://stmaartennews.com/economy/pension-reform-possibly-effect-per-may-1/

Government cuts electricity budget for schools
https://stmaartennews.com/education/government-cuts-electricity-budget-schools/

Geerlings offers payment plan on unpaid taxes to ease the pressure on businesses
https://stmaartennews.com/government/geerlings-offers-payment-plan-unpaid-taxes-ease-pressure-businesses/

St. Maarten Chamber of Commerce and Industry waives fees up to 2014
https://stmaartennews.com/business/st-maarten-chamber-commerce-industry-waives-fees-2014/

DRAFT 2019 BUDGET
Download the complete Draft 2019 Budget here