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‘Austerity policy earned Madagascar more than US$250 million in 2010’

The austerity policy by the government of Madagascar earned the country more than US$250 million in 2010, the Malagasy finance and budget minister, Hery Martial Rajaonarimampianina, said in an interview with PANA on Monday.

Explaining the evolution of his country’s economy following the embargo imposed by the international community, Mr. Rajaonarimampianina declared that the surplus of US$250 million recorded in 2010, on a austerity-based management, exceeds the budgetary assistance of not more than US$100 million the country receives.

“We did not create new taxes, nor did we increase existing ones, but the tax base was extended by modern healthy management techniques,” he said.

“If salaries were regularly paid and even increased by 10% in 2010 and in 2011, adjustments were noted at the level of certain health and social facilities which took so much money to build, despite the crisis, it is because good governance,” he said.

He explained that the austerity has to do with the reduction of the administration of the country, operating costs of the ministries and institutions, the reduction of missions and the number of people forming delegations.

Austerity measures do not only affect the grassroots, but also concern decision-makers, such as the president who, instead of using his own plane, travels on commercial flights, the minister pointed out


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