April Lee Tan: We're watching revenue collection more than deficit

Posted at 10/17/2009 6:28 AM

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April Lee Tan, research head of CitisecOnline, told ANC's Business Nightly on Friday that they are closely watching the ability of the government to collect revenues, not the budget deficit figures. The "disappointing" revenue collections--specially those from the tax and customs agencies--concern analysts like her since it is a gauge of how fast the country could recover when the global economy turns for the better. She also said that analysts and investors are more forgiving about the government's bulging expenditures, especially after the twin typhoons that hit the country

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