First draft 2014 budget to Council of Ministers soon

POSTED: 09/26/13 1:41 PM

GREAT BAY – St. Maarten’s 2014 budget will be approved and signed into law before the end of the year. Finance Minister Maarten Hassink re-confirmed the government’s intention to achieve this goal. “It is a very tight schedule, but all ministries and high councils of state should submit their budget this week. Then the Finance Ministry will compile the budget. The deadline for the presentation of the first draft to the Council of Ministers is October 5.”

Since October 5 is next week Saturday, the draft will most likely be handled in the /council of Ministers on Tuesday, October 8.

Hassink said that is happy that he does not have to talk about the 2013 budget anymore. “Finally all parties are of the opinion that it is much more important to focus on the 2014 budget. I am very happy with that.”

The minister said that the focus for 2014 will be on cost control and compliance. “There will be special attention for the integration of the tax office and the receiver’s office into one efficient tax office,” he said. “I am in contact with Holland to assist with this process. We want to especially tap into the experience gained with the tax office in Bonaire. A small team from the tax office and the receiver’s office has visited Bonaire to be informed about the setup over there.”

Minister Hassink said that he is also talking with the Ministry of Finance in Curacao about possible cost savings by joining in projects aimed at the integration and implementation of systems.

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