Cft warns of financial risks at Govt companies and social funds

The Board of financial supervision (Cft) has expressed serious concerns about major risks to St. Maarten’s public finances. The board specifically cited financial and governance challenges within several government-owned companies as contributing factors to these risks. Additionally, the Cft highlighted growing pressure on the country’s social security and healthcare funds. These issues collectively pose significant vulnerabilities to St. Maarten's fiscal stability, according to the financial oversight body. The Cft's assessment underscores the need for attention to these areas to safeguard the nation's financial health, impacting both state-owned entities and crucial social provisions.