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Cft satisfied with intended budget amendments
PHILIPSBURG — The government expects a budget surplus of 4 million guilders ($2.2 million) in 2024, 9 million ($5 million) in 2025 and 15 million ($8.4 million) in 2026. This projection appears from a letter More...
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Poor financial management remains a concern
PHILIPSBURG — That the country’s financial management leaves a lot to be desired is no secret. Cft-chairman Raymond Gradus underlines in a letter dated January 31 to St. Maarten’s Minister of Finance More...
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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...
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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...
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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...
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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...
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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...
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Did the CFT set the Kingdom on fire?
DID THE CFT SET THE KINGDOM ON FIRE?[1] By Emsley D. Tromp April 10, 2020 On April 7th last, when the whole world was battling the coronavirus, the Cft struck a blow to the public trust in its raison d’être with More...
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Room for government revenue to grow, Cft chairman says
PHILIPSBURG – The revenue St. Maarten generates could be much higher “if the increase in tax compliance as a result of restructuring the tax administration is achieved,” Raymond Gradus, the chairman of the More...
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Financial supervision remains in place for another three years
PHILIPSBURG – St. Maarten and Curacao will remain under financial supervision until at least 2021. The committee that evaluated the countries’ level of compliance with the Kingdom law financial supervision More...