Govt. liquidity critical by month end without substantial hike in income | THE DAILY HERALD

Finance Minister Ardwell Irion.

PHILIPSBURG–Government’s liquidity will be in a “critical” state by the end of this month or early next month unless income increases substantially or expenses are lowered, Finance Minister Ardwell Irion told Members of Parliament (MPs) on Tuesday.

  He was at the time responding to questions from an MP during the public meeting on the draft amendment of the 2020 budget. The question related to what impact the latest tranche of liquidity not being received will have on government’s operations and on the St. Maarten Stimulus and Relief Plan (SSRP).

  Irion told MPs that the depletion of government’s liquidity is imminent. “The projection is that this point will be reached by the end of May or the beginning of June at which point government’s finances will be critical unless the government revenues increase substantially and expenses decrease also,” Irion said. “I do know also – we have discussed this in COM [Council of Ministers – Ed.] – that all ministers have to continue to look at revenue generating measures. I know that one area that I have seen improvement is within the Ministry of [Public Housing, Spatial Planning, Environment and Infrastructure] VROMI when it comes to ‘Erfpacht’ (ground lease). He [VROMI minister] has been working on that, and I have seen the efforts generating more income in that area.”

  In a glimmer of hope, Irion expressed hope that the home porting initiative of Minister of Tourism, Economic Affairs, Transport and Telecommunication (TEATT) Ludmila de Weever will result in increased income in what would typically be the country’s low season.

  Regarding the SSRP programme, the finance minister said government will obtain information from Social and Health Insurances SZV on the amount of funds that need to be paid out the next request, after which a decision can be made. “From the portal, we will know the amount that we will have to pay out and then we can then look at the budget and see what we can pay or not [pay],” he said. “We already mentioned that liquidity will become an issue in June so we have to take that into consideration, but we rely on the information from SZV to be able to see payment.”

  He explained that a decline has been observed in requests for the payroll support part of the SSRP and a slight uptick has been recorded in the number of income and unemployment requests.

Source: The Daily Herald


  1. An eye for an eye, says the bible, so what will be the destiny for Knops?
    666 is the number of the beast, so D66 is hell to our islands and Wuite is a colonial helpers-bitch.

  2. Love is the answer to every problem and question. Good really loves you, pls be safe and get both doses of the vaccine, after 2 weeks of the 2nd dose you are vaccinated fully. Eat + exercise healthy to avoid clots please use a mask even with the vaccine to be ok. Others and I also love you! Luke: 14 Forsake all you have everyone and yourself for J

    Luke: 16 Work for J, not pay$, then J will give you and your family the food and clothing if they follow too

    Matthew: 25 + Luke: 12 + 6 Sell everything you got and give to poor and keep all giving in secret

    Mark: 16 + John: 17 Share the Truth to everyone working with others in love and peace

    Revelation: 13 + 14 Don’t take the mark of the beast right hand or forehead only way to buy or sell *It is not covid vaccine or mask, but maybe a microimplant \ quantum technology

    Revelation: 17 + 18 U.S. Is most likely the Babylon to be destroyed in one hour, with fire

  3. What if all ministers would refrain from any salaries. And the blabla members of parliament also? Furthermore, all directors of government businesses should not get any money, starting today.
    How many millions have we saved then?