Madagascar State budget execution
The execution of public credits as published by the budget directorate (DGBF, SIIGFP data), archived reading after reading by Stileex.
At Stileex's reading of 2026-07-31, the Malagasy State had committed 38.9 % of the credits opened for fiscal year 2026, i.e. 9,250 billion ariary out of 23,789 billion. Mandated spending reached 6,796 billion ariary, i.e. 28.6 % of the credits (Stileex computation). Source: DGBF, data from the integrated public-finance management system (SIIGFP).
Commitment rate
38.9 %
Rate as published by the DGBF, read on 2026-07-31.
Mandated rate
28.6 %
Mandated spending over open credits: Stileex's division of two published amounts.
Committed credits
9,250 bn Ar
Credits still available: 14,539 billion ariary.
Open credits
23,789 bn Ar
Modified credits of the fiscal year; initial finance law: 23,784 billion ariary.
The commitment-rate trajectory
The source publishes a single snapshot, undated and without history: Stileex reads the value every day and archives every change. The curve builds up as the fiscal year unfolds.
One point per observed change; a value stays in force until the next point.
See the readings as a table
| Reading date | Commitment rate |
|---|---|
| 2026-07-31 | 38.88 |
| 2026-07-30 | 38.79 |
| 2026-07-28 | 38.82 |
| 2026-07-25 | 38.81 |
| 2026-07-24 | 38.80 |
| 2026-07-23 | 38.75 |
| 2026-07-22 | 38.52 |
| 2026-07-21 | 38.48 |
| 2026-07-18 | 38.46 |
| 2026-07-17 | 38.42 |
| 2026-07-16 | 38.41 |
| 2026-07-15 | 38.05 |
| 2026-07-14 | 37.93 |
| 2026-07-11 | 37.26 |
Rate in percent of the open (modified) credits, as published by the DGBF; the date is Stileex's reading day.
Execution by budget envelope
General budget, annexed budgets, special accounts, counterpart funds and public debt: each envelope's execution state at the latest reading.
| Envelope | Open credits | Commitments | Mandated | Commitment rate |
|---|---|---|---|---|
| Budget Général | 16,770.1 | 5,542.6 | 4,587.6 | 33.1 % |
| Dette Publique | 5,119.9 | 2,786.4 | 1,437.6 | 54.4 % |
| Compte particulier | 1,855.1 | 913.3 | 764.6 | 49.2 % |
| Budget annexe | 38.7 | 7.7 | 6.4 | 20.0 % |
| Fonds de Contrevaleur | 5.5 | 0.0 | 0.0 | 0.0 % |
Amounts in billions of ariary (bn Ar), figures as published by the DGBF at Stileex's latest reading.
Execution by expense nature
Public debt, payroll, non-payroll operations and investment: the execution pace differs sharply from one nature to the next.
| Expense nature | Open credits | Commitments | Mandated | Commitment rate |
|---|---|---|---|---|
| OPERATIONS D' INVESTISSEMENT | 8,907.4 | 1,258.5 | 930.4 | 14.1 % |
| Financement Externe | 6,881.3 | 706.3 | 706.3 | 10.3 % |
| OPERATIONS COURANTES - SOLDES | 4,852.8 | 2,505.5 | 2,449.6 | 51.6 % |
| OPERATIONS COURANTES - HORS SOLDES | 2,029.5 | 822.3 | 773.7 | 40.5 % |
| Financement Interne | 2,026.1 | 552.2 | 224.1 | 27.3 % |
| Transferts | 1,195.5 | 525.2 | 517.8 | 43.9 % |
| OPERATIONS COURANTES - DETTE PUBLIQUE | 980.4 | 956.4 | 433.9 | 97.6 % |
| Biens et Services | 529.6 | 182.0 | 143.7 | 34.4 % |
| Indemnites | 304.4 | 115.1 | 112.2 | 37.8 % |
Amounts in billions of ariary (bn Ar), figures as published by the DGBF at Stileex's latest reading.
Execution by institution and ministry
The same tracking, institution by institution, down to the budget code. Labels are the DGBF's own at the latest reading.
39 institutions and ministries at the latest reading
| Code | Institution or ministry | Open credits | Commitments | Commitment rate |
|---|---|---|---|---|
| 21 | MINISTERE DE L'ECONOMIE ET DES FINANCES | 3,608.7 | 1,650.7 | 45.7 % |
| 65 | MINISTERE DES TRAVAUX PUBLICS | 1,754.3 | 829.1 | 47.3 % |
| 81 | MINISTERE DE L'EDUCATION NATIONALE | 2,315.1 | 809.1 | 35.0 % |
| 13 | MINISTÈRE DELEGUÉ EN CHARGE DE LA GENDARMERIE NATIONALE | 511.2 | 377.2 | 73.8 % |
| 12 | MINISTÈRE DES FORCES ARMEES | 615.4 | 356.7 | 58.0 % |
| 71 | MINISTÈRE DE LA SANTÉ PUBLIQUE | 881.1 | 249.2 | 28.3 % |
| 84 | MINISTÈRE DE L’ENSEIGNEMENT SUPÉRIEUR ET DE LA RECHERCHE SCIENTIFIQUE | 374.1 | 186.8 | 49.9 % |
| 14 | MINISTÈRE DE L’INTÉRIEUR ET DE LA DECENTRALISATION | 378.2 | 170.9 | 45.2 % |
| 51 | MINISTERE DE L'ENERGIE ET DES HYDROCARBURES | 2,049.4 | 147.0 | 7.2 % |
| 15 | MINISTÈRE DE LA SÉCURITÉ PUBLIQUE | 278.9 | 139.9 | 50.2 % |
| 69 | MINISTERE DE L'AMENAGEMENT DU TERRITOIRE ET DES SERVICES FONCIERS | 255.7 | 103.2 | 40.4 % |
| 16 | MINISTÈRE DE LA JUSTICE | 251.3 | 99.5 | 39.6 % |
| 83 | MINISTERE DE L'ENSEIGNEMENT TECHNIQUE ET DE LA FORMATION PROFESSIONNELLE | 145.3 | 50.2 | 34.6 % |
| 03 | ASSEMBLEE NATIONALE | 76.8 | 49.3 | 64.2 % |
| 01 | PRESIDENCE DE LA REFONDATION DE LA REPUBLIQUE | 316.6 | 47.1 | 14.9 % |
| 11 | MINISTÈRE DES AFFAIRES ETRANGÈRES | 92.5 | 38.4 | 41.6 % |
| 52 | MINISTERE DE L'EAU, DE L'ASSAINISSEMENT ET DE L'HYGIENE | 475.9 | 27.8 | 5.8 % |
| 05 | PRIMATURE | 636.0 | 23.5 | 3.7 % |
| 32 | MINISTERE DU TRAVAIL, DE L'EMPLOI ET DE LA FONCTION PUBLIQUE | 37.2 | 17.3 | 46.4 % |
| 36 | MINISTERE DU COMMERCE ET DE LA CONSOMMATION | 81.3 | 17.2 | 21.2 % |
| 44 | MINISTERE DE L'ENVIRONNEMENT ET DU DEVELOPPEMENT DURABLE | 181.7 | 16.8 | 9.2 % |
| 07 | COMMISSION ELECTORALE NATIONALE INDEPENDANTE | 60.9 | 16.2 | 26.6 % |
| 75 | MINISTÈRE DE LA JEUNESSE ET DES SPORTS | 35.2 | 16.1 | 45.7 % |
| 76 | MINISTÈRE DE LA POPULATION ET DES SOLIDARITES | 61.6 | 15.5 | 25.1 % |
| 37 | MINISTERE DE LA COMMUNICATION ET DE LA CULTURE | 33.9 | 15.4 | 45.4 % |
| 48 | MINISTERE DE L’AGRICULTURE ET DE L’ELEVAGE | 957.6 | 14.9 | 1.6 % |
| 49 | MINISTERE DE LA PECHE ET DE L'ECONOMIE BLEUE | 41.2 | 9.0 | 21.8 % |
| 02 | SENAT | 23.3 | 7.9 | 34.2 % |
| 35 | MINISTERE DU TOURISME ET DE L'ARTISANAT | 17.5 | 7.3 | 42.0 % |
| 53 | MINISTERE DES MINES | 18.3 | 6.8 | 36.9 % |
| 34 | MINISTERE DE L'INDUSTRIALISATION ET DU DEVELOPPEMENT DU SECTEUR PRIVE | 101.7 | 6.7 | 6.6 % |
| 67 | MINISTERE DES TRANSPORTS ET DE LA METEOROLOGIE | 40.5 | 4.9 | 12.1 % |
| 60 | MINISTÈRE DU DÉVELOPPEMENT NUMÉRIQUE, DES POSTES ET DES TÉLÉCOMMUNICATIONS | 32.3 | 4.2 | 13.0 % |
| 04 | HAUTE COUR CONSTITUTIONNELLE | 8.9 | 4.1 | 45.4 % |
| 06 | CONSEIL DU FAMPIHAVANANA MALAGASY | 6.4 | 2.3 | 35.3 % |
| 93 | HAUTE COUR DE JUSTICE | 3.1 | 1.8 | 58.6 % |
| 10 | MINISTERE CHARGE DE LA REFONDATION | 6.9 | 1.7 | 24.9 % |
| 91 | HAUT CONSEIL POUR LA DEFENSE DE LA DEMOCRATIE ET DE L'ETAT DE DROIT | 2.1 | 1.0 | 49.2 % |
| 92 | COMMISSION NATIONALE INDEPENDANTE DES DROITS DE L'HOMME | 1.9 | 0.0 | 0.0 % |
Amounts in billions of ariary (bn Ar), figures as published by the DGBF at Stileex's latest reading.
Closed years: outturn against the finance law
Stileex indicatorFor closed fiscal years, Stileex sets the outturn published in the Treasury's global operations (DGT/MEF via INSTAT) against the amounts voted in the same year's finance law: two published figures, one Stileex division.
| Fiscal year | Side | Finance law | Outturn | Execution rate |
|---|---|---|---|---|
| 2025 | Expenditure | 16,304.9 | 12,619.4 | 77.4 % |
| 2025 | Revenue and grants | 12,962.7 | 9,478.7 | 73.1 % |
Amounts in billions of ariary. Outturn: the December cumul of the Treasury's global operations; voted amounts: the finance-law column of the same table (INSTAT economic dashboard). The rate is a Stileex computation.
Method
Stileex reads every day the execution figures the budget directorate (DGBF) publishes on its site (fed by SIIGFP, the integrated public-finance management system): finance-law credits, modified credits, commitments, mandated payments and the commitment rate, per envelope, expense nature and institution. Amounts are published in ariary and displayed in billions of ariary; the commitment rate is the source's own published figure, never recomputed.
The source publishes only the current fiscal year's snapshot, undated and without history. Every value is archived at its reading date, one point per change: the history builds up here, reading after reading. The official quarterly execution reports (CREB) and the finance-law texts are archived alongside.
Around the turn of the fiscal year, in January, the source may still reflect the previous year's complementary period before switching over: early-year trajectories read with that caveat.
Source: Direction Générale du Budget et des Finances (DGBF), Madagascar.
API access
The latest reading of each series is public; the full history is served on a free API key. Responses are JSON.
- Global commitment rate (latest reading)
GET https://api.stileex.xyz/v1/series/mg/budget-execution-rate/latest- Committed credits (latest reading)
GET https://api.stileex.xyz/v1/series/mg/budget-commitments/latest- Mandated spending (latest reading)
GET https://api.stileex.xyz/v1/series/mg/budget-payments/latest- Series catalogue
GET https://api.stileex.xyz/v1/series/mg
Frequently asked questions
- How far along is Madagascar's State budget execution?
- This page tracks the global commitment rate the DGBF publishes for the current fiscal year, read daily by Stileex, with the detail per budget envelope, expense nature and ministry.
- What do commitments and mandated payments mean?
- A commitment legally reserves the credit: the State binds itself to the expense. A mandate orders the public accountant to pay. The published commitment rate sets commitments against the credits open after modifications.
- Where do these figures come from?
- From the execution data the budget directorate (DGBF, Ministry of Economy and Finance) publishes online, fed by SIIGFP. Stileex archives every reading and builds the history the source does not publish; the displayed date is the reading date.
- Was the budget executed as voted in previous years?
- The closed-years section sets revenue and expenditure outturn against the amounts voted in the same year's finance law, on the Treasury's global operations published via INSTAT.