{"id":112114,"date":"2026-06-10T00:00:00","date_gmt":"2026-06-09T21:00:00","guid":{"rendered":"https:\/\/www.capmad.com\/news\/%news-category%\/budget-2026-letat-malgache-prevoit-un-besoin-de-financement-de-8-65119-milliards-dariary\/"},"modified":"2026-06-10T11:00:58","modified_gmt":"2026-06-10T08:00:58","slug":"budget-2026-letat-malgache-prevoit-un-besoin-de-financement-de-8-65119-milliards-dariary","status":"publish","type":"news","link":"https:\/\/www.capmad.com\/fr\/news\/economie-fr\/budget-2026-letat-malgache-prevoit-un-besoin-de-financement-de-8-65119-milliards-dariary\/","title":{"rendered":"Budget 2026 : l\u2019\u00c9tat malgache pr\u00e9voit un besoin de financement de 8 651,19 milliards d\u2019ariary"},"content":{"rendered":"<h2><b>Un recours mod\u00e9r\u00e9 aux emprunts semi-concessionnels et commerciaux<\/b><\/h2>\n<p><b>Le gouvernement malgache estime \u00e0 8 651,19 milliards d\u2019ariary son besoin brut de financement pour l\u2019exercice budg\u00e9taire 2026.<\/b><\/p>\n<p>Ce montant, pr\u00e9sent\u00e9 par le minist\u00e8re de l\u2019\u00c9conomie et des Finances dans le cadre du Plan annuel de financement (PAF), correspond aux ressources que l\u2019\u00c9tat devra mobiliser pour couvrir ses d\u00e9penses, ses investissements et ses engagements financiers qui ne peuvent \u00eatre financ\u00e9s par les recettes ordinaires.<\/p>\n<p>Selon les orientations retenues dans la Strat\u00e9gie de la dette \u00e0 moyen terme, les autorit\u00e9s privil\u00e9gient un recours mod\u00e9r\u00e9 aux emprunts semi-concessionnels et commerciaux, tout en cherchant \u00e0 maintenir la soutenabilit\u00e9 de la dette publique. Le financement ext\u00e9rieur constituera la principale source de ressources, repr\u00e9sentant pr\u00e8s des deux tiers des besoins totaux. Le montant attendu aupr\u00e8s des partenaires internationaux est \u00e9valu\u00e9 \u00e0 5 839,35 milliards d\u2019ariary.<\/p>\n<p>Les principaux bailleurs identifi\u00e9s sont les institutions multilat\u00e9rales telles que l\u2019Association internationale de d\u00e9veloppement (IDA), la Banque africaine de d\u00e9veloppement (BAD) et la Banque europ\u00e9enne d\u2019investissement (BEI). Des partenaires bilat\u00e9raux, notamment la Chine, l\u2019Agence fran\u00e7aise de d\u00e9veloppement (AFD) et l\u2019Agence japonaise de coop\u00e9ration internationale (JICA), contribueront \u00e9galement au financement du budget de l\u2019\u00c9tat.<\/p>\n<p>Parall\u00e8lement, le gouvernement entend renforcer la mobilisation des ressources sur le march\u00e9 int\u00e9rieur. Le financement domestique devrait atteindre 2 811,84 milliards d\u2019ariary, soit 32,5 % du besoin global. Cette enveloppe reposera principalement sur l\u2019\u00e9mission de titres publics ainsi que sur des avances temporaires accord\u00e9es par la Banque centrale pour soutenir la gestion de la tr\u00e9sorerie publique.<\/p>\n<p>\u00c0 travers cette strat\u00e9gie, l\u2019\u00c9tat cherche \u00e0 assurer le financement de ses priorit\u00e9s de d\u00e9veloppement, notamment les infrastructures et les services de base, tout en limitant les risques li\u00e9s \u00e0 une d\u00e9pendance excessive aux financements ext\u00e9rieurs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Un recours mod\u00e9r\u00e9 aux emprunts semi-concessionnels et commerciaux Le gouvernement malgache estime \u00e0 8 651,19 milliards d\u2019ariary son besoin brut de financement pour l\u2019exercice budg\u00e9taire 2026.<span class=\"excerpt-hellip\">\u2026<\/span><\/p>\n","protected":false},"author":1,"featured_media":112116,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"tags":[],"news-category":[7989],"news-location":[7990],"class_list":["post-112114","news","type-news","status-publish","format-standard","has-post-thumbnail","hentry","news-category-economie-fr","news-location-madagascar-fr"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v25.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Budget 2026 : l\u2019\u00c9tat malgache pr\u00e9voit un besoin de financement de 8 651,19 milliards d\u2019ariary<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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