Advice pertaining to the modification of draft budget 2024

On May 29th, 2024, the Board of Financial Supervision of Curacao and Sint Maarten (Cft) assessed that it cannot determine if the budget meets the standards set forth in the Kingdom Act on Financial Supervision Curacao and Sint Maarten (Rijkswet financieel toezicht Curaçao en Sint Maarten – Rft). The Cft made six recommendations to rectify the identified shortcomings and recommended Sint Maarten to incorporate the recommendations in a draft budget amendment (OBW). On June 28th, 2024, the Cft received the OBW. You hereby receive the advice of the Cft pertaining to this OBW. In Annex 1 to this letter you will find a further clarification and substantiating figures to this advice.