Govt has until January 31 to establish 2015 budget
PHILIPSBURG--Government has been granted, in principle, until January 31, 2015, to establish the 2015 budget. This is an additional six weeks past the legal deadline of December 15. Should the new deadline not be met, the Committee for Financial Supervision CFT will revert to procedures in the Kingdom Law on Temporary Financial Supervision for Curaçao and St. Maarten.
CFT Chairman Age Bakker said at a press conference at CFT's office Friday it had been agreed that government would formally request a postponement until January 31, and CFT would honour this request, which would enable the incoming government to present an amended budget in accordance with the CFT advice.
The extension of the deadline should give the incoming Marcel Gumbs Cabinet "time to come up with amendments" to the budget to bring it in line with the norms of the Kingdom law.
Government presented the draft 2015 budget for advice in October Read more
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