In the lexicon of karate, there is ” Okuri-Ashi-Barai ». A spectacular type of scanning, which can cause damage (injuries and fractures) often dangerous to a fighter. In a way, the announcement of the application from 1er July of 20% VAT on the interest of bank loans was a ” Okuri-Ashi-Barai For customers of primary banks such as BNI, BOA, BRED, or BMOI among others. The population has a general knowledge of banking establishments active in Madagascar. This application of the 2025 finance law, therefore voted in Parliament by deputies, ignited social networks, especially Facebook, this weekend. And the reactions were not long in coming. “” If this law has been passed, it means that the majority accepted, there is no excuse, it is like killing the people “, Indigates Andry Tahina Haridzery. “” You are lost banks, no one will take out a loan », Consider hot, apparently, Rija Ralaikoa. “” It is our salary that pays you, dear power, it is our sweat, but you are only plucuming us “Adds Ary Voara Randrianantoandro. Thousands of similar reactions have been published by authenticated accounts, not trolls (false accounts or digital mercenaries) that seek to put this economic decision into perspective. This means that opinion, in its majority, is against this new measure. There are no other explanations, no biased or wobbly understanding. Everyone has captured that it is the interests that are taxed by 20%, not the amount borrowed. This taxation is far from delighting taxpayers. In France, economic experts recognized by the ” Think-tank And the specialized media aware of the French taxpayer on this state of affairs. With these financial specialists, logic is simple: the multiplication of taxes on the people is a sign of an ultra-intertwined state. The situation seems serious because no real and significant impact due to an increase in taxations is perceived in the country, particularly on the general state of the roads, health coverage, security in cities, the cost of living, etc. Recently the French head of government said that his country was bankrupt. In Madagascar, there are few who concretely measure the use of bank credit by households, in particular to finance the start of the school year, the holidays, traditional ceremonies such as winter circumcisions, or agricultural activities. Urban and national carriers, small IT services, or even grocery stores, also use banking loans. No one will check the tensions already in these families with the current situation, then add this tax to 20%. In many working -class districts, testimonies indicate an extreme precariousness pushing certain young people to prostitution. These high school students are forced to unload parents somewhat. The rural exodus increases insecurity in urban cities. Many suspects arrested in the concentration districts of rural migration in Tananarivo lately. All lives count: it is these borrowers who allow the Malagasy economy to maintain themselves afloat.
Maminirina Rado
