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Cft Sends Govt. 'Recommendations' On Budget, Debate Now Set For Feb. 29

Finance Minister Richard Gibson

PHILIPSBURG--The Committee for Financial Supervision CFT has sent Finance Minister Richard Gibson five "suggestions" for the draft 2016 budget, which if taken up the Committee would be more inclined to give the budget its nod of approval.

  Gibson said in a press conference on Friday afternoon that the suggestions will be worked on by Government Read more

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CFT pleased with government approach on preparing 2016 budget.

PHILIPSBURG:-- Minister of Finance Richard Gibson informed members of the media Friday afternoon that on Thursday he got a reaction from the CFT regarding the 2016 budget. The Minister had indicated earlier that he had sent the draft budget he sent to parliament to the CFT before parliament passed the budget because he did not want the CFT to disapprove the budget after it is passed by the parliament of St Read more

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Dollarization Would Free Up 250 Million For Investments

St. Maarten News – Dutch preparedness to assist St. Maarten with the strengthening of the tax inspectorate went only that far and dollarization would free up 250 million guilders for capital investments, Finance Minister Richard Gibson said yesterday during the meeting of the central committee of parliament about the handling of the draft 2016 budget.

The minister reached an initial agreement about the support during his first visit to the Netherlands last year, but soon after it turned out that the Netherlands demanded €1.5 million in compensation for travel and housing expenses Read more

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Prime Minister Marlin Expects Opposition To Criticize Budget

PHILIPSBURG-Prime Minister William Marlin is unconcerned with opposition Members of Parliament’s (MP) criticism of the budget, which was debated in the Central Committee on Monday, February 8.

“When government presented a budget, in all my years in the political arena, only once or twice in the history that you have an opposition sort of agreeing with the government on parts of a budget,” Prime Minister Marlin said.

He noted that it’s election year and as such opposition members will try to give a negative impression of the budget Read more

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Tot Is ‘Disruptive’ To Growth, Says Gibson

PHILIPSBURG--The five-per-cent turnover tax (ToT) is “disruptive” and an “impediment to economic growth” due to its “multiplier effect” on the cost of goods and services, Finance Minister Richard Gibson told Parliament on Wednesday.

“We have to do away with it or move it down,” Gibson said of the ToT. He has the same belief about the country’s profit tax. It is tough to enforce the profit tax system, he said Read more

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‘Shotgun Budget’ Tabled In Parliament By Gibson

Finance Minister Richard Gibson (right) with MP Maurice Lake. 

PHILIPSBURG--Parliament is faced with a “shotgun budget” as the draft 2016 budget was described by Finance Minister Richard Gibson Read more

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‘Shotgun Budget’ Tabled In Parliament By Gibson

PHILIPSBURG--Parliament is faced with a “shotgun budget” as the draft 2016 budget was described by Finance Minister Richard Gibson. The Minister tabled the budget, totaling NAf 438,000 in the Central Committee meeting of Parliament on this morning.  

  There is “no time to do the budget as it should have been done” and to get all policies from the seven ministries covered, said the Minister Read more

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Mp Tamara Leonard Request Info About Government Consultants

PHILIPSBURG, St. Maarten  – United People (UP) party Member of Parliament Tamara Leonard has requested a list of all consultants working for Government and their associated consulting fees and benefits (housing, allowances and transportation etc.) per ministry.

MP Leonard urged Government in the letter to provide the information requested prior to the start of the Central Committee meeting on the draft 2016 budget Read more

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Mp Tamara Leonard Request Info About Government Consultants

PHILIPSBURG, St. Maarten – United People (UP) party Member of Parliament Tamara Leonard has requested a list of all consultants working for Government and their associated consulting fees and benefits (housing, allowances and transportation etc.) per ministry.

MP Leonard urged Government in the letter to provide the information requested prior to the start of the Central Committee meeting on the draft 2016 budget Read more

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St. Maarten owed NAF 165M to both entities --- Parties agree to reduce the amount --- Building sold for NAF45M while another NAF15M have to spent on finishing it.

PHILIPSBURG:---Minister of Finance Richard Gibson Sr Read more

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Gibson: Naf. 20M ‘Reserve’ Projected In Draft Budget

PHILIPSBURG--The draft 2016 budget, though “lean and mean,” is projected to have a NAf. 20 million “reserve” should all projections become reality, according to Finance Minister Richard Gibson. That reserve will be funnelled to paying a part of Government’s debts to Social and Health Insurance Fund SZV and the General Pension Fund APS Read more

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Finance Minister Gibson: “Very Frugal Budget With Room For Expansion”

St. Maarten News:  The government intends to sell the new administration building on Pond Island for around 50 million guilders to social insurance agency SZV. With the building, SZV will also acquire the adjacent terrain of more than 15,000 square meters and the parking lot that borders on the TelEm property of 5,000 square meters. A parcel of land bordering on this parking lot of 1,800 square meters is also part of the deal. This appears from the explanatory notes with the draft 2016 budget that Governor Holiday submitted to the parliament on Monday.

In the preface, Finance Minister Richard Gibson Sr Read more

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Plasterk About Dispute Regulation “Kingdom Cannot Deviate From Decisions, Unless …”

St. Maarten News:  The Kingdom Council of Ministers cannot deviate from an advice issued by a dispute regulator, unless such a deviation is properly motivated,” Kingdom Relations Minister Ronald Plasterk said at a press conference yesterday at the end of his visit to St. Maarten. With this statement, Plasterk seems to come back from his earlier stance that the Kingdom Council of Ministers should always have the last word in disputes between the countries in the kingdom.

The only issue that separates Plasterk and the Caribbean autonomous countries St Read more

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Prime Minister William Marlin And The Council Of Ministers Met Today With Minister Plasterk And His Dutch Delegation

PHILIPSBURG, Sint Maarten — Prime Minister William Marlin and the Council of Ministers met today with Minister Plasterk and his Dutch delegation for an introductory meeting.

Later in the day, Prime Minister William Marlin met with Minister Plasterk, Minister of Justice Edson G Read more

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