Madagascar, like several other African countries, introduced a support measure for public primary schools into its education system in 2002, known as the «school fund» (CE). While this measure, designed to alleviate the costs incurred by parents for financing minor maintenance and school operations, has seen some success, it appears to have lost momentum in recent years and reveals a significant gap between the current situation and its initial objectives. This research, which required both qualitative and quantitative data collected using administered data collection tools from one hundred and fifty-three (153) respondents, aims to understand the perceptions of school stakeholders regarding the «school fund» in the country. The results obtained show that while the «school funds» have alleviated some of the burdens faced by those involved in education, they still struggle to meet expectations. Their management and the mobilization of resources to fully cover schools’ needs were frequently cited as major issues by beneficiaries.