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‘Positive’ advice from CFT on 2013 St. Maarten budget


PHILIPSBURG–The draft 2013 budget received a “positive advice” from the Committee for Financial Supervision CFT, Finance Minister Roland Tuitt announced on Wednesday.

The response from CFT stating its satisfaction that the budget was balanced was received by the minister while he was attending the weekly Council of Ministers Press Conference.

A follow-up report on the draft budget will be prepared by government. That, together with the draft, will be sent to the Advisory Council. The budget will then be sent on to Parliament for deliberations in the Central Committee followed by the plenary session.

The budget stands at NAf. 457 million after some NAf. 25 million had to be cut on advice of CFT.
The draft budget will be before Parliament for approval sometime in March. Tuitt had originally hoped that this budget would have been presented much earlier than that of 2012.

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