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St. Martin News Network - Financial Statement of St. Maarten 2018.
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St. Martin News Network - Financial Statement of St. Maarten 2018.
smn-news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smn-news.com Daily Mail and Mail on Sunday newspapers.
St. Martin News Network - Impact of bounced cheques.
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Honorable Minister Irion,
I would like to receive some information on the ROI of the local investments made by the General Pension Fund dating back from when e came country on 10-10-10.
In many discussions and in the reports of the General Audit Chamber the picture painted doesn’t truly show a good investment climate locally when it comes to investing, or that the investments made aren’t really followed up on and thus hampering a proper return on investment. As such I would like to pose the questions below and hope that a complete answer can be given so proper insight can be given to all regarding the investment of their pension funds.
Published: 30 June 2021
PHILIPSBURG: - The General Audit Chamber presented its audit report entitled Compliance Audit: Financial Statements of St. Maarten 2017 to Parliament today. The General Audit Chamber is required by law to examine whether Government was legally compliant and effective in its spending of St. Maarten s public funds.
The 2017 financial statements should have been drafted on September 1st, 2018. Instead, the General Audit Chamber and the SOAB received the financial statements from Government on October 30th, 2020. The SOAB must first review and issue a report after which the legal timeline for the Audit Chamber to report starts. That timeline started on June 11th, 2021, when the SOAB presented its report and opinion to the Audit Chamber.