Politics
2026 Supplementary Budget Law: "Budget Balance Respected", Says HCC
The 2026 Supplementary Budget Law (LFR) passed smoothly at Ambohidahy. The Constitutional Court delivered its decision on the Supplementary Budget Law for 2026 two days ago, five days after the PRRM's referral. 30,731,751,721 (in thousands of ariary) "The amount of revenues corresponds to that of expenditures," according to the Constitutional Court, for which "budget balance is thus respected." It declared in its decision rendered two days ago that the Supplementary Budget Law for 2026 submitted to its review "contains no provision contrary to the Constitution and must be declared in conformity with the Constitution." In short, the constitutional judge takes the 2026 LFR at face value. "To govern is to foresee" This maxim apparently does not figure in the breviary of the Refoundation government in general and the Ministry of Economy and Finance in particular. This is evident from the statement of reasons for the 2026 LFR, which emphasizes that "the occurrence of parameters and events, including the economic context marked by significant exogenous shocks, notably the necessity of Refoundation arising from the regime change in October 2025, recent climate hazards affecting most of the Great Island, international tensions following the Middle East crisis causing an energy crisis, and finally the necessary consideration of the international context marked by the end of AGOA and USAID, were not taken into account when preparing the Initial Budget Law (LFI) for 2026." Attached Document The HCC notes that "the Supplementary Budget Law for 2026 includes a report on the economic context and budget orientations; that on the other hand, it includes as an annex a performance document, a budget document, and a medium-term framework." It decided that the PRRM's referral is declared admissible and that the 2026 LFR is in conformity with the Constitution. Thus giving the green light for the promulgation of the law bearing the 2026 LFR.
Source: Midi Madagasikara