Cft: “Ensure timely adoption of budget”

The Board of financial supervision Curaçao and Sint Maarten (Cft) in recent discussions has urged Sint Maarten to adopt the 2022 budget amendment and the 2023 budget within short term. The 2022 budget amendment contains an amount of ANG 15.4 million in investments, whereby Sint Maarten wants to use the loan subscription by the Netherlands. Targeted investments contribute to sustainable economic growth. Furthermore, the Financial Supervision Act for Curaçao and Sint Maarten states that Sint Maarten must have an approved balanced current budget for 2023 before December 15th, 2022.