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...
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...
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...
CFT warns that ENNIA-loan poses risk for Curacao
PHILIPSBURG — If the Netherlands decides to extend a 1.2 billion guilders loan to St. Maarten and Curacao to save insurance company ENNIA, it will have dire consequences for the future of in particular Curacao. More...
Dutch loan to rescue ENNIA meets with criticism
PHILIPSBURG — If the Dutch parliament agrees, insurance company ENNIA will be saved with a 600 million euro loan from the Netherlands. But not everybody is happy with this solution. The deal is that St. Maarten More...
Netherlands extends new loan to St. Maarten
PHILIPSBURG – The Netherlands extends a new loan of €33.5 million (60.8 million guilders or $34 million) to St. Maarten. The loan is intended for investments in wastewater treatment, physical and cultural More...
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...
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...
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...
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...
