Nigeria Government Budget

Nigeria recorded a Government Budget deficit equal to 5.10 percent of the country's Gross Domestic Product in 2017. Government Budget in Nigeria averaged -2.89 percent of GDP from 1981 until 2017, reaching an all time high of 0.80 percent of GDP in 1996 and a record low of -6.70 percent of GDP in 1990.

Government Budget in Nigeria is expected to be -3.10 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Government Budget is projected to trend around -2.30 percent of GDP in 2020, according to our econometric models.

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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					[+]

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

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-5.10	-2.10	0.80	-6.70	1981 - 2017	percent of GDP	Yearly	NSA

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Country	Last		Previous	Range
Argentina	-3.90	Dec/17	-4.6	3.7 : -6.4	%
Australia	-1.90	Dec/17	-2.4	2.2 : -4.2	%
Brazil	-7.80	Dec/17	-9	-2 : -10.2	%
Canada	-0.90	Dec/17	0	5.1 : -8.3	%
China	-3.50	Dec/17	-3.8	0.58 : -3.8	%
Euro Area	-0.90	Dec/17	-1.5	-0.5 : -7.3	%
France	-2.60	Dec/17	-3.4	1.5 : -7.2	%
Germany	1.70	Dec/18	1	1.7 : -9.4	%
India	-3.53	Dec/17	-3.52	-2.53 : -8.13	%
Indonesia	-1.76	Dec/18	-2.51	3.02 : -2.58	%
Italy	-2.30	Dec/17	-2.5	-1.5 : -7.3	%
Japan	-4.50	Dec/17	-4.5	2.58 : -9.5	%
Mexico	-2.90	Dec/17	-2.6	3.3 : -3.4	%
Netherlands	1.10	Dec/17	0.4	1.9 : -8.6	%
Russia	-1.50	Dec/17	-3.4	9.88 : -7.9	%
Saudi Arabia	-8.90	Dec/17	-12.8	43.17 : -25.27	%
Singapore	0.30	Dec/17	-1.2	21.23 : -1.2	%
South Africa	-4.60	Dec/17	-3.9	1 : -7.4	%
South Korea	-2.00	Dec/17	-2.4	3.47 : -4.1	%
Spain	-3.10	Dec/17	-4.5	2.2 : -11	%
Switzerland	1.20	Dec/17	0.4	1.9 : -3.2	%
Turkey	-1.50	Dec/17	-1.1	-0.6 : -33	%
United Kingdom	-2.30	Dec/17	-3.8	4.8 : -9.9	%
United States	-3.50	Dec/17	-3.2	4.5 : -9.8	%