PHILIPSBURG--A team from the Committee for Financial Supervision CFT is in the country this week to continue their review of the draft 2012 budget. They are slated to have meetings with Secretary-General of Finance Sherry Hazel and ministry staffers.
CFT reportedly has some questions about the build-up of government's additional income as projected in the draft budget. Talks are expected to centre on this matter.
Finance Minister Hiro Shigemoto confirmed that the CFT officials will be on a working visit to the country. He said the Council of Ministers is set to approve a summary of the draft budget today, Tuesday.
Shigemoto declined to go further into the agenda for the consultations, saying that these are still technical discussions, as the review outlined in the Kingdom Law on Temporary Financial Supervision for Cura�ao and St. Maarten is still ongoing.
The Council of Ministers approved the draft balanced budget, which stands at NAf 432,549,600, NAf. 11,633,003 million more than this year's budget of NAf.420,916,597 million, on Tuesday, October 18. This was followed by the immediate preparations to send it to the CFT.
When the budget is returned with a positive from the CFT, it has to undergo one more check by the Advisory Council before it is forwarded to Parliament by the governing coalition via the Cabinet of the Governor.
Parliament needs to debate and approve the budget before the end of December to be in compliance with the Kingdom Law on Temporary Financial Supervision for Cura�ao and St. Maarten.
Cobham Liverpool Gay and lesbian travel Family finances Lancashire Incineration
No comments:
Post a Comment