Speculations over state finances, the HAT wants to calm people down

The HAT produced an official response to speculations over the state’s likely bankruptcy. Marson Evariste, HAT president of the Economy and Finance Commission, emphatically denied any problem on board. “The state’s home returns are more than sufficient to face up to expenses “, he argued. It is technically true since the dictating authorities have imposed a severe austerity policy in the state finance plan. Only 10% of each ministry’s budget can be used during the year 2010’s first three months. Home taxes and custom returns can largely supply what it takes to run at such a slow rate.The HAT is even able to insure some leftovers at this rhythm. Such an opened serenity has, however, recently been undermined by issues related to civil servants’ pay checks during the year’s first couple of months.  

Marson Evariste also strained to moderate the public concerning the drying out foreign currency reserves, the main cause for the national currency’s value drop, and inflation. “Some economists are arguing that only 100 millions of US dollars are left in the Central Bank’s chesses, it is false, some 800 millions of US dollars have still been recorded few days ago”, he argued. The HAT member does, however, not rule out the potential run out of foreign currency for so much, and presents a solution in no way to the private sector’s liking. “The primary banks have some 500 million dollars, and the Central Bank is able to drain what it would take to remain afloat “, he explained. The big mining projects and their available manna of one billion dollars would equally be crucial, still according to Marson Evariste. 

What a hack of an austerity?  

As everything is seemingly going as well as possible during this beginning of 2010, the HAT has been appearing more greedy that realistic following its Coup. The 168 billions of ariary high debts to various state suppliers is unveiling the reality of an austerity policy far from efficient enough. The state is delaying, or even turning repays down. The self proclaimed champion of good governance and its government has put its foot in it. Market transfers are basically no bad thing, but at such a recent extent, they are turning into causes for worries. The HAT ministry of Sports would be the class’ worst for approaching trade monopole with a single corporation.  

The presidency also has its part of sins on its conscience. Andry Rajoelina certainly did call upon the Bianco, the national anti corruption office. Could the market transfer issue and its related bill boosting have roots up to within his own department, personal shame would be unprecedented. The presidential facility’s housekeeping is costing some 10 millions of ariary per day.  Unless brooms are made of gold, some bills are simply fantastic. Ambohitsorohitra is very likely to settle the issue behind closed doors, doing away with the opportunity to show the example by correcting its errors in public.