Main Goal : Increasing revenue

The 2025 Finance Bill is under review at the National Assembly, with a plenary vote scheduled for Friday.

The bill aims to increase revenue, although some proposed tax measures contradict proclaimed political principles. The National Assembly has two days to examine, debate, and propose amendments to the 2025 Finance Bill—a timeframe that appears limited given the importance and challenges of the budget proposal.

The primary objective of the bill is to boost revenue, as briefly mentioned in the presentation of the budget’s motivations. This goal is driven by requirements tied to disbursements from the International Monetary Fund (IMF). As it stands, the IMF Board’s decision on the release of the Extended Credit Facility (ECF) funds, expected by year-end, will be revealed long after Parliament adopts the 2025 Finance Bill. Over the next seven days, the Bretton Woods institution’s board does not plan to review Madagascar’s case.

Another inconsistency pertains to the budget allocated to the lower chamber. An austerity policy is emphasized, primarily to address the water and electricity crises. To support Jirama’s recovery efforts, all public entities face a minimum 10 % cut in their investment budgets. Organizations such as the Senate and the High Constitutional Court (HCC) are also experiencing reductions in their investment budgets.