cover image: St Maarten - Public Expenditure Review

20.500.12592/whn5zd

St Maarten - Public Expenditure Review

9 Nov 2020

Sint Maarten is a high-income small island state located in the Caribbean that occupies the southern half of the island shared with the French overseas collectivity of Saint Martin. Sint Maarten is one of the six islands in the Caribbean that form part of the Kingdom of the Netherlands and since the dissolution of the former Netherlands Antilles on October 10, 2010 it has an autonomous constitutional status as a separate country within the Kingdom. As a small island state, Sint Maarten has an open and largely tourism-based economy. The island belongs to the Leeward Islands, a group of islands located where the northeastern Caribbean Sea meets the western Atlantic Ocean within the Caribbean hurricane belt. Sint Maarten has been exposed to numerous hurricanes, including Luis in 1995, Lenny in 1999, and Irma and Maria in 2017. The PER consists of four interconnected chapters: (i) macro-fiscal developments, (ii) health, (iii) social protection, and (iv) education. The main findings of these detailed chapters are brought together and summarized in this synthesis report. The focus of the PER on challenges in revenue generation and tax administration, public financial management, health and long-term care, social protection and pension systems, and education is motivated by the potential impact of policy and institutional reform in each of these areas on public finance.
tourism public debt economies of scale industry social insurance textiles social security contribution fixed exchange rate financial sector development capital spending millennium development goal quality of care other coronavirus (covid-19) pension system public spending retirement age public education spending average length of stay system of national accounts public health insurance financial statement global economic crisis social promotion old age pension limited liability company progress in international reading literacy study educational sciences macroeconomics and economic growth financial sector policy health care services industry construction and operation apparel & leather industry food & beverage industry pulp & paper industry water and electricity plastics & rubber industry business cycles and stabilization policies common carriers industry social protection program emergency response operations return to education asset and liability social protection system liquidity support public resource low interest rate impact on health number of teachers st maarten interest charge long-term debt provision of education public sector capacity active labor market policy active labor market policies public sector performance total government spending small island allocation of expenditure availability of data social assistance system public sector worker annual average growth decline in tax revenue public financial management system primary care services gross enrolment ratio teacher absenteeism per capita cost disaster risk finance per capita expenditure government health expenditure amount of liquidity medium term expenditure framework public education system average interest rate total public expenditure repair and reconstruction secondary vocational education social protection spending labor market development net public debt state-owned utility state-owned utilities vocational training school impact of policy low tax rate social health insurance schemes policy development process civil service pension fund performance of school government current expenditure pharmaceutical cost containment concept of debt capital expense egra early grade reading assessment average household expenditure balanced budget requirement income and expenditure central government expenditure rapid population ageing basic vocational education social insurance system risk transfer instrument

Authors

Berryman,Sue Ellen,Boyer,Mary Elinor,Draaisma,Jozef,Duggan,Victor Fitzpatrick,Harnam,Neesha,Li,Ran,Powers,Shawn Michael

Disclosure Status
Disclosed
Doc Name
St Maarten - Public Expenditure Review
Document Date
2020-10-20
Published in
United States of America
Rel Proj ID
Sint Maarten Public Expenditure Review -- P170066
Total Volume(s)
1
Unit Owning
N/A,EFI-LCR-MTI-MacroFiscal
Version Type
Revised
Volume No
1

Files

Related Topics

All