Madagascar recorded a government budget deficit of 4.1% of GDP in 2025, according to the African Development Bank (AfDB). Government Budget in Madagascar averaged -2.86 percent of GDP from 2000 until 2025, reaching an all time high of -0.80 percent of GDP in 2010 and a record low of -5.70 percent of GDP in 2006. source: Central Bank of Madagascar
Government Budget in Madagascar is expected to reach -4.30 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Madagascar Government Budget is projected to trend around -3.90 percent of GDP in 2027 and -3.60 percent of GDP in 2028, according to our econometric models.