Government Finance of Madagascar

Global Statistics and Country Indicators

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Government Debt

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

Fiscal Balance

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

Revenue and Spending

Government Revenue (% of GDP)	12.5%	#181 / 189	2026
Government Revenue (Local currency)	12.32T	-	2026
Government Spending (% of GDP)	17.1%	#173 / 189	2026
Government Spending (Local currency)	16.87T	-	2026

International Reserves

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