Nigeria recorded a Government Budget deficit equal to 2.80 percent of the country's Gross Domestic Product in 2018.

Government Budget in Nigeria averaged -2.31 percent of GDP from 1981 until 2018, 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 July of 2020. source: Central Bank of Nigeria

Government Budget in Nigeria is expected to reach -5.00 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 -3.00 percent of GDP in 2021 and -2.60 percent of GDP in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Nigeria Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.80 -3.20 0.80 -6.00 1981 - 2018 percent of GDP Yearly
NSA

Nigeria Government Last Previous Highest Lowest Unit
Government Debt to GDP 17.50 18.20 75.00 7.30 percent [+]
Government Budget -2.80 -3.20 0.80 -6.00 percent of GDP [+]
Government Revenues 938.72 1738.81 1738.81 498.54 NGN Billion [+]
Military Expenditure 1907.00 1621.00 6847.00 176.00 USD Million [+]
Credit Rating 30.00 [+]
Government Spending 1082949.34 1077871.98 1615675.03 609792.40 NGN Million [+]
Government Budget Value -1135.74 -675.21 38.36 -1664.20 NGN Billion [+]
Government Debt 84053.32 85390.82 85390.82 48361.37 USD Million [+]
Fiscal Expenditure 2074.46 2414.03 2514.02 743.65 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.