Cft: “Utilize Sint Maarten’s economic recovery to put budget in order”

A significant budget deficit is expected for the year 2022 for Sint Maarten, despite a real economic growth of 7.5 percent. The Board of financial supervision Curaçao and Sint Maarten (Cft) urges Sint Maarten to limit its expenditures and increase its tax benefits in the short term by taking compliance-enhancing measures, and collecting the ground leases and the license fee for casinos and lotteries. It is important that a number of targeted investments also take place.