Financial session at the HAT congress: optimism in sight

In the session´s conclusion speech, Andrianatoandro Raharinaivo, the HAT congress´president, emphasized the need of a correct implementation of the newly passed year 2011´s finance law. “The austerity policy definitely hurts, but it remains nevertheless the single option in the current situation”, declared the HAT congress´president. A better governance represented by a fairer balance between expenses and returns, is being expected from the government.  “A prudent financial policy is a good way to master inflation”.

According to the year 2011´s finance project, economic recovery is expected to start in several sectors at a time. “We are expecting improvement in international commercial exchanges, as well as foreign investors´return.” stated the congress´president, although such a wish is not really to be linked with any potential international recognition. The ruling power is actually standing by nations have no care for democratic principles.

Andrianatoandro Raharinaivo equally  hinted that the economic recovery ought to be completed without rosewood traffic. No more exception should no more be tolerated. In the end, he recalled that the year 2011´s financial law is supporting the installation of the fourth Republic: “the organization of elections and the installation of institutions are held in account”.

The finance ministry stated that the year 2011´s state strategy yould focus on economic stability and on the erection of the fourth Republic. This strategy is supposed to serve the nation´s main objective: “driving the transition to its end and establishing solid economic bases for the fourth Republic”. Economic development in democratic terms is not yet for the year 2011.

“2011 is going to be an economic as well as a political milestone” stated a HAT finance minister expecting an economic recovery without any major financial reforms. The year 2011´s predicted growth rates for the three main activity sectors are respectively minus 0.2%, plus 12.6% and 2.9%, adding up to a global 2.8% high national growth rate.

“Such a growth to be supported by a prudent financial policy is going to keep the inflation rate at 7.6%, at least lower than the year 2010´s 9.8%”. It is being calculated in function of international courses for crude oil and rice in 2011. The government is expecting to keep on the on-going projects in favor of the population running