Island Financial

Island Financial (1163)

PHILIPSBURG, St. Maarten – The budget 2014 which was signed into law by the Governor will shortly be presented to the Board of financial supervision (College financieel toezicht - Cft) which is required to give its advice within two weeks.

PHILIPSBURG, St. Maarten - Although the 2014 budget debate is now over, the concern about the liquidity position of the government of St. Maarten is not over.

PHILIPSBURG, St. Maarten - A motion presented on the floor of Parliament by Member of Parliament of the Democratic Party, the Honorable Roy Marlin to cut the salaries of Ministers and Members of Parliament by a 1000, 00 guilders, did not draw the support of MPs last week.

PHILIPSBURG, St. Maarten - The Prime Minister of St. Maarten the Honorable Sarah Wescot-Williams thanked the Members of Parliament who voted for the passing of the Budget 2014 and clarified points specifically related to the Budget as it was passed: "I would like to specifically thank all of the Factions in Parliament that saw the importance in having the Budget approved so that we can continue with the Governing of the Country.

PHILIPSBURG, Sint Maarten – "It is rather unfortunate a signature is missing from the approved 2014 national budget of Country Sint Maarten.

PHILIPSBURG, St. Maarten - Annually, in accordance with the Ordinance regulating old age pension and the widows and orphans pension, the Government adjusts the old age pension and widows-, orphans pension (AOV and AWW).

PHILIPSBURG, St. Maarten - The University of St. Martin (USM) and the College financieel toezicht (Cft) are collaborating once again in organizing an informative lecture on the theme "Healthy Public Finance, a Foundation for Growth".

PHILIPSBURG, St. Maarten - In responding to the question on Casino fees owed to the government, Minister with the responsibility for Finance, the Honorable Martin Hassink confirmed that there continue to be big out-standings in the Casino fees.

PHILIPSBURG, St. Maarten - The announced cuts of financial subsidy to various Foundations including the SCDF was questioned by MP William Marlin during the 2014 draft budget debate in Parliament.

PHILIPSBURG, St. Maarten - In 2011, there was a positive liquidity situation of 84 million guilders in the coffers of government, stated leader of the United People's Party (UPP), the Honorable Theo Heyliger.