Fiscal Spending: IMF decries poor practices allowing overspending to happen.

The International Money Fund, FMI decries public overspending by Madagascar. We may lament the need to collaborate with Bretton Woods financial institutions, but in reality our government must abide by their guidance and heed the remarks of the FMI recent mission. MIIDI quotes ?Does Madagascar get a passing grade? In reading the statements by Brian Ames, the man in charge for Madagascar at the FMI, and the published communiqué following their recent mission to our shores, wherein he had a series of meetings with  our national technical advisors, notably the minister of Finance Economy, and fiscal spending, Radavidson Andriamparany and the Governor of the Central bank Gaston Ravelojaona, our grade is left open to interpretation. Effectively, while claiming overall satisfaction on certain points, FMI tends to use diplomatic language in stating their crucial reservations about our present economic status. FMI specifies ?important overspending in public affairs in 2005 underlines the lack of control in a managed economy that in turn negatively affects the public purse.?