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...
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...
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...
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...
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...
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...
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...
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...
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...
