Nigeria recorded a Government Budget deficit equal to 3.40 percent of the country's Gross Domestic Product in 2019. source: Central Bank of Nigeria

Government Budget in Nigeria averaged -2.34 percent of GDP from 1981 until 2019, reaching an all time high of 0.80 percent of GDP in 1996 and a record low of -6 percent of GDP in 1991. This page provides - Nigeria Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Government Budget - values, historical data and charts - was last updated on February of 2021.

Government Budget in Nigeria is expected to reach -6.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Government Budget is projected to trend around -5.00 percent of GDP in 2021 and -4.50 percent of GDP in 2022, according to our econometric models.

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Nigeria Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-3.40 -2.80 0.80 -6.00 1981 - 2019 percent of GDP Yearly

Nigeria Government Last Previous Highest Lowest Unit
Government Debt to GDP 29.10 27.60 75.00 7.30 percent [+]
Government Budget -3.40 -2.80 0.80 -6.00 percent of GDP [+]
Government Revenues 842.09 894.13 1418.87 498.54 NGN Billion [+]
Military Expenditure 1907.00 1621.00 6847.00 176.00 USD Million [+]
Credit Rating 28.00 [+]
Government Spending 2339712.81 1052886.18 2339712.81 609792.40 NGN Million [+]
Government Budget Value -1289.03 -1250.70 38.36 -1664.20 NGN Billion [+]
Government Debt 84574.18 85896.52 85896.52 48361.37 USD Million [+]
Fiscal Expenditure 2131.12 2144.83 2627.38 743.65 NGN Billion [+]

Nigeria Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.