Benja Razafimahaleo: budget under control, economy to re-launch

The Budget and Finance Ministry (BFM) is satisfied with the macroeconomic indicators in spite of the unavoidable recession cause by the crisis. “The public budget has been mastered, people’s paychecks has been respected but it is not enough “, said Benja Razafimahaleo. The country remains in difficulty, he conceded, mentioning the operators whose activities used to be linked to public investments and the tax free corporations’ employees. 

“The first measure to take to re-launch the economy is the review the central Bank’s interest rate lowering, said the Treasury secretary. We strongly emphasize our will to encourage the credit “. Benja Razafimahaleo underlined that what matters is that economic operators can restart or re-launch their activities. 

The HAT also aims at creating money, ambition sunk by the investors’ prudent attitude and the frost of the foreign helps. After one semester that miraculously ended on a 0.8% positive growth, the time of recovery has come. “We call for private investors and the state looks for other sources of public financing “, declared minister Razafimahaleo. 

The relative good state performance in internal and customs tax collection allowed the HAT to keep its head above the water and to avoid the” “people’s wrath after promises of wonders. “73% of the revenues have been harvested, it was enough to run the country and the administration “, reiterated the Treasury secretary. Benja Razafimahaleo affirmed that the balance of the inflation factors is under control. 

The optimism displayed by the HAT contrasts with the growth slowdown, a sign that the crisis, political, social or economic, is not yet finished. There is certainly less economic propaganda but goodwill declarations keep on gushing. The government of transition stands by the task force to re-launch the economy, as well as on the very much expected rains of dollars that would come from the Middle Eastern desert.