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