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.

Madagascar State budget execution

Name: Madagascar State budget execution
Creator: Stileex
License: https://creativecommons.org/licenses/by/4.0/

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 2026-09-09, the Malagasy State had committed 42.3 % of the credits opened for fiscal year 2026, i.e. 10,749 billion ariary out of 25,412 billion. Mandated spending reached 8,445 billion ariary, i.e. 33.2 % of the credits (Stileex computation). Source: DGBF, data from the integrated public-finance management system (SIIGFP).

Commitment rate

42.3 %

Rate as published by the DGBF, read on 2026-09-09.

Stileex indicator

Mandated rate

33.2 %

Mandated spending over open credits: Stileex's division of two published amounts.

Committed credits

10,749 bn Ar

Credits still available: 14,663 billion ariary.

Open credits

25,412 bn Ar

Initial law: 23,784 billion ariary; amending law: 25,412 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
2026-09-09	42.30
2026-09-08	42.28
2026-09-05	42.18
2026-09-04	42.13
2026-09-03	42.02
2026-08-20	38.99
2026-08-19	38.95
2026-08-18	38.92
2026-08-15	38.95
2026-08-11	38.93
2026-08-08	38.92
2026-08-05	38.91
2026-08-01	38.89
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	17,450.4	6,834.9	5,867.2	39.2 %
Dette Publique	5,891.1	2,786.4	1,584.7	47.3 %
Compte particulier	2,026.1	1,118.9	984.9	55.2 %
Budget annexe	39.4	9.3	7.9	23.6 %
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	8,357.4	1,935.5	1,533.6	23.2 %
Financement Externe	6,937.2	1,227.4	1,227.4	17.7 %
OPERATIONS COURANTES - SOLDES	4,852.8	2,817.2	2,811.7	58.1 %
OPERATIONS COURANTES - HORS SOLDES	3,259.9	1,125.8	1,032.0	34.5 %
Transferts	2,325.4	694.0	660.8	29.8 %
Financement Interne	1,420.2	708.1	306.2	49.9 %
OPERATIONS COURANTES - DETTE PUBLIQUE	980.4	956.4	489.9	97.6 %
Biens et Services	555.0	268.4	212.1	48.4 %
Indemnites	379.5	163.4	159.1	43.1 %

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.

42 institutions and ministries at the latest reading

Code	Institution or ministry	Open credits	Commitments	Commitment rate
21	MINISTERE DE L'ECONOMIE ET DES FINANCES	3,758.5	1,785.5	47.5 %
81	MINISTERE DE L'EDUCATION NATIONALE	2,285.4	1,008.6	44.1 %
65	MINISTERE DES TRAVAUX PUBLICS	2,126.7	925.6	43.5 %
05	PRIMATURE	211.1	457.3	216.6 %
12	MINISTÈRE DES FORCES ARMEES	667.4	415.8	62.3 %
13	MINISTÈRE DELEGUÉ EN CHARGE DE LA GENDARMERIE NATIONALE	576.2	382.7	66.4 %
71	MINISTÈRE DE LA SANTÉ PUBLIQUE	868.6	280.7	32.3 %
84	MINISTÈRE DE L’ENSEIGNEMENT SUPÉRIEUR ET DE LA RECHERCHE SCIENTIFIQUE	359.6	241.1	67.1 %
51	MINISTERE DE L'ENERGIE ET DES HYDROCARBURES	2,343.4	208.0	8.9 %
14	MINISTÈRE DE L’INTÉRIEUR ET DE LA DECENTRALISATION	572.1	194.7	34.0 %
15	MINISTÈRE DE LA SÉCURITÉ PUBLIQUE	266.5	169.0	63.4 %
16	MINISTÈRE DE LA JUSTICE	210.5	117.6	55.9 %
69	MINISTERE DE L'AMENAGEMENT DU TERRITOIRE ET DES SERVICES FONCIERS	234.2	106.4	45.4 %
83	MINISTERE DE L'ENSEIGNEMENT TECHNIQUE ET DE LA FORMATION PROFESSIONNELLE	151.3	66.1	43.7 %
01	PRESIDENCE DE LA REFONDATION DE LA REPUBLIQUE	249.3	64.0	25.7 %
03	ASSEMBLEE NATIONALE	89.9	60.8	67.6 %
52	MINISTERE DE L'EAU, DE L'ASSAINISSEMENT ET DE L'HYGIENE	442.9	55.6	12.6 %
11	MINISTÈRE DES AFFAIRES ETRANGÈRES	100.9	48.1	47.6 %
36	MINISTERE DU COMMERCE ET DE LA CONSOMMATION	62.6	28.6	45.7 %
07	COMMISSION ELECTORALE NATIONALE INDEPENDANTE	50.4	22.2	44.1 %
76	MINISTÈRE DE LA POPULATION ET DES SOLIDARITES	288.9	22.0	7.6 %
32	MINISTERE DU TRAVAIL, DE L'EMPLOI ET DE LA FONCTION PUBLIQUE	33.2	20.2	61.0 %
44	MINISTERE DE L'ENVIRONNEMENT ET DU DEVELOPPEMENT DURABLE	222.9	19.7	8.8 %
37	MINISTERE DE LA COMMUNICATION ET DE LA CULTURE	34.1	19.4	56.9 %
75	MINISTÈRE DE LA JEUNESSE ET DES SPORTS	35.6	18.5	52.0 %
48	MINISTERE DE L’AGRICULTURE ET DE L’ELEVAGE	15.1	14.9	99.0 %
53	MINISTERE DES MINES	23.5	10.8	46.1 %
49	MINISTERE DE LA PECHE ET DE L'ECONOMIE BLEUE	41.2	10.7	26.0 %
02	SENAT	14.2	9.7	68.1 %
35	MINISTERE DU TOURISME ET DE L'ARTISANAT	17.5	9.4	53.4 %
34	MINISTERE DE L'INDUSTRIALISATION ET DU DEVELOPPEMENT DU SECTEUR PRIVE	67.8	7.9	11.6 %
60	MINISTÈRE DU DÉVELOPPEMENT NUMÉRIQUE, DES POSTES ET DES TÉLÉCOMMUNICATIONS	35.6	6.4	18.0 %
67	MINISTERE DES TRANSPORTS ET DE LA METEOROLOGIE	35.5	5.9	16.7 %
04	HAUTE COUR CONSTITUTIONNELLE	9.6	5.0	51.9 %
41	MINISTERE DE L'AGRICULTURE ET DE LA SOUVERAINETE ALIMENTAIRE	905.6	4.5	0.5 %
10	MINISTERE CHARGE DE LA REFONDATION	12.9	4.3	33.5 %
06	CONSEIL DU FAMPIHAVANANA MALAGASY	4.1	2.5	61.8 %
93	HAUTE COUR DE JUSTICE	3.4	2.1	62.6 %
91	HAUT CONSEIL POUR LA DEFENSE DE LA DEMOCRATIE ET DE L'ETAT DE DROIT	2.1	1.5	74.1 %
42	MINISTERE DE L'ELEVAGE	16.9	0.9	5.2 %
92	COMMISSION NATIONALE INDEPENDANTE DES DROITS DE L'HOMME	1.6	0.0	0.0 %
94	CONSEIL ECONOMIQUE, SOCIAL ET CULTUREL	1.5	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 indicator

For 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.

State budget (outturn) Public debt Treasury-bill rates

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.