According to the Fiscal Transparency Report released by the US State Department on August 11, 2026, a lack of budget transparency remains a weakness for Madagascar. The report identifies several gaps in the accessibility, completeness, and oversight of public finance information for the period between January 1 and December 31, 2025.
While Madagascar did publish its enacted budget, including online, the executive budget proposal and the year-end report were not published within the timeframes considered reasonable by US evaluation criteria. Information regarding certain state financial obligations, particularly the debt of major state-owned enterprises, was also not communicated in a timely manner.
The report notes that available budget documents do not provide a sufficiently complete view of public revenues and expenditures. Detailed information on revenues from natural resources and transfers or allocations to state-owned enterprises is notably lacking. Furthermore, the classification of expenditures by ministry or public agency does not fully meet the requirements set by the US State Department, and the report highlights the existence of significant off-budget accounts that are not subject to sufficient public oversight.
External audit of public finances is another identified weakness. The supreme audit institution reportedly did not meet all independence criteria set by international standards and failed to audit the entire executed budget within the required deadlines. Public procurement transparency is also flagged, as Madagascar failed to publish certain basic information regarding public contracts during the evaluated period. However, the report specifies that no new natural resource extraction contracts were officially awarded during this time.
The evaluation does not directly rank corruption but focuses on the transparency and accessibility of budget information and public finance oversight mechanisms. This year, the Fiscal Transparency Report assessed 139 governments and the Palestinian Authority as part of US foreign aid requirements. The report recommends that Madagascar publish financial forecasts and results more promptly, provide more detailed presentations on the financial status of state-owned enterprises, and strengthen the independence of public finance oversight mechanisms.
Captured & Published at: 2026-08-25 20:53:45 (Madagascar Local Time EAT)
Original Source: https://2424.mg/finances-le-departement-detat-americain-pointe-des-lacunes-persistantes-en-matiere-de-transparence-budgetaire-a-madagascar/?utm_source=rss&utm_medium=rss&utm_campaign=finances-le-departement-detat-americain-pointe-des-lacunes-persistantes-en-matiere-de-transparence-budgetaire-a-madagascar
