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Government Finance of Madagascar

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Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

10.0% 13.4% 7.7% 65.8%
  • Personal income taxes: 10.0%
  • Corporate income taxes: 13.4%
  • Social security contributions: 7.7%
  • Property taxes: 0.5%
  • Goods and services taxes: 65.8%
  • Other taxes: 0.4%
Show table
Personal income taxes
10.0%
Corporate income taxes
13.4%
Social security contributions
7.7%
Property taxes
0.5%
Goods and services taxes
65.8%
Other taxes
0.4%

Source: OECD Global Revenue Statistics Database, 2024.

Government Debt

Government Gross Debt (% of GDP) 49.3% #102 / 184 2026
Government Gross Debt (Local currency - MGA) 48.77T - 2026
Government Net Debt (% of GDP) No data - -
Government Net Debt (Local currency - MGA) No data - -

Fiscal Balance

Fiscal Balance (% of GDP) -4.6% #137 / 189 2026
Fiscal Balance (Local currency - MGA) -4.56T - 2026
Primary Fiscal Balance (% of GDP) -3.5% #158 / 182 2026
Primary Fiscal Balance (Local currency - MGA) -3.5T - 2026

Revenue and Spending

Government Revenue (% of GDP) 12.4% #181 / 189 2026
Government Revenue (Local currency - MGA) 12.32T - 2026
Government Spending (% of GDP) 17.1% #173 / 189 2026
Government Spending (Local currency - MGA) 16.87T - 2026

International Reserves

Total Reserves (USD) 2.78B #114 / 163 2024

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