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Tag archive for ‘CFT’
By The Publisher On Friday, December 30th, 2022
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CFT unhappy with deficit on draft 2023 budget

PHILIPSBURG — Financial supervisor CFT is not happy with St. Maarten’s draft 2023 budget. While the Kingdom Council of Ministers decided on September 30, that this budget has to be balanced, it shows instead More...

By The Publisher On Tuesday, September 6th, 2022
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CFT gives green light for revoking salary cuts

PHILIPSBURG — The government has met the requirements that allow it to revoke the 12.5 percent salary cut for employees in the (semi) public sector. This appears from a letter CFT-chairman Raymond Gradus More...

By The Publisher On Friday, July 22nd, 2022
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Kingdom puts liquidity support on hold

PHILIPSBURG / THE HAGUE — St. Maarten has started to pay out vacation allowances without a positive advice from financial supervisor Cft and without permission from the Kingdom Council of Ministers (KCoM), More...

By The Publisher On Friday, April 1st, 2022
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Audit Chamber gives negative opinion about 2019 financial statements

PHILIPSBURG — The General Audit Chamber confirms in its compliance audit of St. Maarten’s financial statement for the year 2019 what has been a headache ever since the territory obtained autonomy within More...

By The Publisher On Wednesday, November 10th, 2021
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Cft sounds the alarm again about untenable financial position social funds

PHILIPSUBRG — Financial supervisor Cft expressed serious criticism of St. Maarten’s 2021 budget in a letter from Cft-chairman Prof. Dr. Raymond Gradus to Finance Minister Ardwell Irion on October 13. The More...

By The Publisher On Friday, July 9th, 2021
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Emmanuel: Any recommendation for property tax is dead on arrival

~ Tackle tax reform before Dutch do it for you ~ PHILIPSBURG — Independent Member of Parliament Christophe Emmanuel on Thursday said that the government of St. Maarten has to say once and for all if land More...

By The Publisher On Friday, June 4th, 2021
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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...

By The Publisher On Friday, October 16th, 2020
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UP-leader Brison spins the 75 million bond issue story

PHILIPSBURG – United People’s party leader MP Rolando Brison said in an interview with Curacao’s TV Direct program Notisia 13 that Finance Minister Ardwell Irion is “one hundred percent correct” in his More...

By The Publisher On Friday, October 16th, 2020
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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...

By The Publisher On Thursday, October 15th, 2020
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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...