Nigeria recorded a government budget deficit of 398.22 NGN Billion in the first quarter of 2019. Government Budget Value in Nigeria averaged -417.63 NGN Billion from 2010 until 2019, 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.
Government Budget Value in Nigeria is expected to be -769.77 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 -380.75 in 12 months time. In the long-term, the Nigeria Government Budget Value is projected to trend around -487.44 NGN Billion in 2020, according to our econometric models.