Nigeria recorded a government budget deficit of 1483.93 NGN Billion in the fourth quarter of 2020. source: Central Bank of Nigeria

Government Budget Value in Nigeria averaged -586.61 NGN Billion from 2010 until 2020, reaching an all time high of 38.36 NGN Billion in the third quarter of 2010 and a record low of -1664.20 NGN Billion in the third quarter of 2017. This page provides - Nigeria Government Budget Value- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Government Budget Value - values, historical data and charts - was last updated on July of 2021.

Government Budget Value in Nigeria is expected to be -1620.00 NGN Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Nigeria to stand at -1430.00 in 12 months time. In the long-term, the Nigeria Government Budget Value is projected to trend around -1400.00 NGN Billion in 2022 and -1200.00 NGN Billion in 2023, according to our econometric models.

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Nigeria Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-1483.93 -1544.48 38.36 -1664.20 2010 - 2020 NGN Billion Quarterly

Nigeria Government Last Previous Highest Lowest Unit
Government Debt to GDP 34.98 29.10 75.00 7.30 percent of GDP [+]
Government Budget -3.80 -4.20 0.80 -6.00 percent of GDP [+]
Government Revenues 903.52 997.49 1480.87 498.54 NGN Billion [+]
Military Expenditure 2403.00 1860.00 7325.00 189.00 USD Million [+]
Credit Rating 28.00 [+]
Government Spending 1409720.94 1889404.68 2339712.81 609792.40 NGN Million [+]
Government Budget Value -1483.93 -1544.48 38.36 -1664.20 NGN Billion [+]
Government Debt 87239.12 86392.54 87239.12 48361.37 USD Million [+]
Fiscal Expenditure 2387.46 2541.97 2625.09 743.65 NGN Billion [+]


Nigeria Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.