Nigeria recorded a government budget deficit of 397.17 NGN Billion in the second quarter of 2018. Government Budget Value in Nigeria averaged -375.90 NGN Billion from 2010 until 2018, 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 -105.33 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 -1748.26 in 12 months time. In the long-term, the Nigeria Government Budget Value is projected to trend around -487.48 NGN Billion in 2020, according to our econometric models.

Nigeria Government Budget Value
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Nigeria Government Last Previous Highest Lowest Unit
Government Debt to GDP 21.30 17.60 75.00 7.30 percent [+]
Government Budget -5.10 -2.10 0.80 -6.70 percent of GDP [+]
Government Revenues 680.13 911.33 1091.75 498.54 NGN Billion [+]
Government Spending 795880.30 624001.80 1615675.03 624001.80 NGN Million [+]
Government Budget Value -397.17 -718.09 38.36 -1664.20 NGN Billion [+]
Fiscal Expenditure 1077.29 1629.41 2495.13 743.65 NGN Billion [+]
Military Expenditure 1650.80 1723.20 6960.70 179.20 USD Million [+]
Credit Rating 27.58 [+]


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. This page provides - Nigeria Government Budget Value- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Government Budget Value - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-397.17 -718.09 38.36 -1664.20 2010 - 2018 NGN Billion Quarterly




Country Last Previous
Argentina -135316.20 Dec/18
Australia 6068.00 Nov/18
Brazil -50631.00 Nov/18
Canada -1113.00 Oct/18
China -286.50 Nov/18
France -95.64 Nov/18
Germany 36.06 Jun/18
India -7166.25 Dec/18
Indonesia -259900.00 Dec/18
Italy -10.40 Nov/18
Japan -60963.00 Sep/18
Mexico -40905.70 Nov/18
Netherlands -8.90 Sep/18
Russia 3394.30 Nov/18
Saudi Arabia -238494.00 Dec/17
Singapore 534.00 Nov/18
South Africa -13966.00 Nov/18
South Korea 37409.00 Nov/18
Spain -12378.00 Nov/18
Switzerland 2176.00 Dec/19
Turkey 5198837.00 Nov/18
United Kingdom -3181.00 Nov/18
United States -205000.00 Nov/18


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