(Bloomberg) -- The Philippines, which missed its
tax collection goal in the first five months, may still be able
to cut local-currency debt sales this year as the government
sells assets, Finance Undersecretary Roberto Tan said.
``Should privatization plans materialize in the third
quarter, our domestic borrowings this year may even turn out
lower than planned,'' Tan, also the country's interim treasurer,
said in an interview in Manila. Tax revenue, which lagged behind
the country's nominal growth of 10 percent, ``will recover.''
Read more at Bloomberg Emerging Markets News
tax collection goal in the first five months, may still be able
to cut local-currency debt sales this year as the government
sells assets, Finance Undersecretary Roberto Tan said.
``Should privatization plans materialize in the third
quarter, our domestic borrowings this year may even turn out
lower than planned,'' Tan, also the country's interim treasurer,
said in an interview in Manila. Tax revenue, which lagged behind
the country's nominal growth of 10 percent, ``will recover.''
Read more at Bloomberg Emerging Markets News
No comments:
Post a Comment