Serious Measures Ahead To Generate More Revenue
Draft 2016 budget stands at 485 million guilders
St. Maarten – “We have tremendous challenges and we need to take serious measures to increase income and to cut costs,†Finance Minister Martin Hassink said earlier this week.
How tremendous those challenges are appears from the cold figures. The budgets the seven ministers of the Gumbs cabinet submitted for 2016 totaled 510 million guilders. That number has been brought down to 85 million, and that is the budget the Council of Ministers approved this week,
Minister Hassink pointed out that the expected income for 2015 is 440 million guilders and that begs the question how the country will bring revenue to the 485 million level next year.
Personnel costs exceed 200 million guilders next year Read more
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