Debt Cancellation is the Only Option says MP Pantophlet | SOUALIGA NEWSDAY

SINT MAARTEN (PHILIPSBURG) - Member of Parliament (MP) George Pantophlet is insistent that debt cancellation is the only viable and reasonable option for St Maarten and the other islands in the Dutch Caribbean. The Central Bank of Curacao and St. Maarten (CBCS) in its article of Monday August 2, 2021 entitled “Multi-annual plan deemed crucial for balanced Budget was clear when it stated in its CBCS 2020 Annual Report and he quotes “that in both countries the current budget deficit widened significantly in 2020 compared to 2019, due to decline in government revenues combined with an increase in expenditures” end ...