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2010 Island Budget submitted to CFT on time |
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Written by Staff Reporter
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Sunday, 22 November 2009 18:59 |
www.sxmislandtime.com
PHILIPSBURG - A new budgetary procedure for the island of St. Maarten is now being developed.
This was announced by the Commissioner of finance Xavier Blackman on Saturday afternoon.
The commissioner was at the time addressing the financial status of the Island Territory when he also confirmed that a balanced 2010 budget was submitted on time, to the CFT.
The new date that was set for the budget to be submitted, was the 18th of November.
The budget was handled in a meeting of the Executive Council of St. Maarten on the 17th and submitted on the 18th.
Commissioner Blackman also noted that it is important to note that the federal budget, which should be a reflection of the island budget of St. Maarten as well, did not take into account the impact of the dismantling process. This impact was however reflected in the Island Budget.
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Last Updated on Sunday, 22 November 2009 21:25 |