The more we put off the inevitable, the more pain we will eventually suffer.

This from the CEO of the American Chamber of Commerce, in reference to the fuel subsidy.

With oil prices trading well above the US$52 per barrel price used to calculate the Budget, the Finance Minister said the fuel subsidy is costing more than expected.

Meanwhile, a tax expert has questioned the Minister's optimism about revenue collections.

Juhel Browne reports.