ECONOMY / Sint Maarten: 29% drop in government revenue

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The Sint Maarten government recorded a decrease of 29% in its revenues in the first half of 2018 compared to that of 2017, i.e. less $ 26,67 million. They stand at $ 57,89 million compared to $ 81,56 million in 2017.

The fall of the product of the three
tourism taxes (timeshare, rental, room) is one of the main causes (89,6%). They generated $ 290 over the first six months of the year compared to $ 680 million in 2,79.

The vehicle tax also fell (-45,8%). It reported 2,78 million dollars against 5,13 million last year at the same time. (Photo credit: Sint Maarten government. More details on www.soualigapost.com).

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