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Madagascar: Tax revenues increasing and declining of the trade deficit

According to the latest quarterly report of the World Bank on the economic evolution of the country, tax revenues in the Island experienced an increase in one year from 20% for the first three months of 2015 in Madagascar.
Economists at the World Bank also notes a declining the trade deficit during the first quarter of this year. Imports in terms of commercial values have fallen by 17% due to the conjugate falling world prices in the energy sector and the drop in imports of rice to the country.
For its part, the export value rose by 12% in the wake of the increased export volume of nickel and cobalt and also via in productions as well as prices of cloves and vanilla that have been adequate on foreign markets.


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