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Budget Deficit Looming --- Council of Ministers Discussing 2012 Budget.

Philipsburg:--- The Prime Minister of St. Maarten Sarah Wescot Williams announced on Wednesday that the Council of Ministers began discussing the first draft of the 2012 budget on Tuesday. The Prime Minister said based on the figures that were provided by the different Ministries the budget for the year 2012 will have a deficit, something which she said is not permitted by the CFT. The Prime Minister refused to divulge the extent of the deficit as the budget she is still being discussed and is still not yet finalized.
Prime Minister Wescot Williams said the various Ministries now have to review their budget while the government is also faced with a deadline based on the law on financial supervision but the Council of Ministers she said plans to resume its discussions next week to see where they can begin cutting their expenses and trying to increase the incomes. She said the government finds itself between a rock and hard place in this respect which is nothing new to them.
Wescot Williams said St. Maarten is faced with these predicaments at a time when it is clear that St. Maarten is in dire need of more manpower to fill some critical positions. The Prime Minister said the filling of the vacancies in all the Ministries could not take place in 2011 and it appears as though it will not be possible in 2012. She further explained that St. Maarten would have liked for the revenue sharing from the dismantling of the Netherlands Antilles be transferred to St. Maarten to assist them with the financial woes they are currently facing.
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