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PP card regulation labels two-thirds of households as paupers
PHILIPSBURG -- The costs for health care services to so-called PP card holders are more than ten million guilders higher than budgeted, it appears from a compliance audit by the General Audit Chamber. The auditors More...
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Pension fund APS is not doing well
PHILIPSBURG — General Pension Fund APS is not doing well, it appears from a compliance audit into the fund’s financial statements 2022 conducted by the General Audit Chamber. APS’ coverage ratio dipped More...
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Unlawful spending
By Hilbert Haar The General Audit Chamber investigates the lawful and efficient spending of public funds, or so I read in the chamber’s report about St. Maarten’s 2021 financial statements. Related article: More...
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Government’s financial statements remain unreliable, Audit Chamber says
PHILIPSBURG — The government still has not put its financial household in order. According to the government’s accountants bureau SOAB the uncertainties in the financial statements add up to a whopping More...
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Audit Chamber presents devastating report about 2017 financial statements
PHILIPSBURG — The country’s 2017 financial statements contain “numerous errors and uncertainties,” the General Audit Chamber writes in its compliance audit St. Maarten Financial Statements 2017. “Expenditures More...
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Pension fund toys with plan to reduce pensions
PHILIPSBURG – The General Pension Fund APS is not financially sound and never has been, it appears from a compliance audit published by the General Audit Chamber. While the APS coverage ratio significantly improved More...
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Audit Chamber: “Ministries are not in control of public funds”
PHILIPSBURG – The government’s 2016 financial statements contain “material errors of profound influence,” the General Audit Chamber writes in its Compliance Audit, a document that was presented to More...