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...

Minister Geerlings: “Unable to maintain current expense-levels”

PHILIPSBURG –Minister of Finance Perry Geerlings painted a dramatic picture of the country’s financial position during the handling of the draft 2019 budget on Monday. “An example of the way of thinking in More...

Government turns to EU for additional funding

PHILIPSBURG – The Central Committee of Parliament continued on Thursday with the handling of the 2018 budget in a setting that began in the morning, continued into the afternoon and, after an adjournment trundled More...

Ferrier on saving money: lights out at the government building

PHILIPSBURG – “We still don’t know how much of the €550 million Dutch recovery fund will be a grant and how much will be a loan,” Finance Minister Mike Ferrier said at Wednesday’s Council of Ministers More...

Government out of money by month’s end

PHILIPSBURG – The government will run out of money by the end of this month. This appears from a letter Cft-chairman Raymond Gradus sent to Finance Minister Richard Gibson about the proposal to amend the 2017 More...