At the end of 2010, the fiscal situation appears under control with a relatively small deficit estimated around 2 percent of Gross Domestic Product (GDP). This is good news in a country that still suffers from uncertainty about its political future. Yet, this fiscal stability was the result of a severe decline in public spending that accumulated for only 12 percent of GDP-one of the lowest ratios in the world. The weak share of public investment has...
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2011/01/24
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Madagascar economic update : fiscal policy - managing the present with a look at the future
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