Madagascar recorded a Government Budget deficit equal to 2.40 percent of the country's Gross Domestic Product in 2019.

Government Budget in Madagascar averaged -2.68 percent of GDP from 2000 until 2019, reaching an all time high of -0.39 percent of GDP in 2006 and a record low of -4.65 percent of GDP in 2005. This page provides - Madagascar Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Madagascar Government Budget - values, historical data and charts - was last updated on October of 2020.

Government Budget in Madagascar is expected to reach -5.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Madagascar Government Budget is projected to trend around -4.40 percent of GDP in 2021 and -2.60 percent of GDP in 2022, according to our econometric models.

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Madagascar Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.40 -1.50 -0.39 -4.65 2000 - 2019 percent of GDP Yearly

Madagascar Government Last Previous Highest Lowest Unit
Government Debt to GDP 30.10 30.30 111.88 24.30 percent [+]
Government Budget -2.40 -1.50 -0.39 -4.65 percent of GDP [+]
Credit Rating 15.00 [+]
Military Expenditure 72.90 66.90 133.00 42.80 USD Million [+]


Madagascar Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.