Decision about division of assets by end of the year

POSTED: 09/20/13 11:33 AM

St. Maarten – The division of assets and liabilities of the former Netherlands Antilles has encountered delays. This appears from the Dutch 2014 budget for Kingdom Relations. Towards the end of this year a decision will be taken about a target deadline for the division of the estate between the Netherlands, St. Maarten and Curacao, Jamila Baaziz reports on Caribisch Netwerk.

The budget also shows that the new countries St. Maarten and Curacao must as much as possible support themselves. The Netherlands continues to keep an eye on the financials through the board for financial supervision Cft and on the maintenance of law and order. The Netherlands also pays permanent attention to “administrative integrity, a good judicial system and financial and economic soundness in all countries of the Kingdom.”

In 2014 the budget for Kingdom relations is €257 million ($342 million), €34 million lower than the 2013 budget.

For the public entities Bonaire, Saba and Statia the evaluation that will take shape in the course of 2014 is an important instrument to scrutinize the consequences of the constitutional reform process, the budget emphasizes. The evaluation itself takes place in 2015 and forms the basis for the “final administrative form” of the islands. It is also necessary to evaluate whether all new laws and regulations are effective. The BES-fund – money the islands are allowed to use at their discretion – contains €33 million (almost $44 million), one million euro less than this year.

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