PHILIPSBURG:— Minister of Finance Richard Gibson Sr announced on Wednesday that he received the official letter from the CFT informing him that the 2017 budget has their approval and as such they will inform the Kingdom that St. Maarten’s budget for the year 2017 is in order. Gibson said the CFT also indicated that St. Maarten budgeted a large amount NAF47M as incidental income.
He said they further advised the government of St. Maarten to put in place a policy whereby government owned company must pay their share of dividends to government. Minister Gibson said that the entire Council of Minister’s is on the same page with having a policy in place for the dividends policy.
Besides that government is working on collecting departure taxes from PJIAE, Harbor, as well as ferries. The Minister said one of the things government wants to ensure is that the government owned companies pay the departure taxes and not the traveler. The Minister of Finance also said that he has been meeting with the government-owned companies and as usual getting some resistance.
Source: St. Martin News Network
CFT approved 2017 budget, positive advice to be sent to the Kingdom.