Nigeria Government Budget

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.

Government Budget in Nigeria is expected to be -2.70 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 -2.70 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	18.20	16.40	75.00	7.30	percent	[+]
Government Budget	-2.80	-3.20	0.80	-6.00	percent of GDP	[+]
Government Revenues	798.82	1121.55	1121.55	498.54	NGN Billion	[+]
Government Spending	842195.49	904099.06	1615675.03	624001.80	NGN Million	[+]
Government Budget Value	-398.22	-713.13	38.36	-1664.20	NGN Billion	[+]
Government Debt	81274.09	79436.72	81274.09	48361.37	USD Million	[+]
Fiscal Expenditure	1197.04	1834.69	2495.13	743.65	NGN Billion	[+]
Credit Rating	27.58					[+]
Military Expenditure	1907.00	1621.00	6847.00	176.00	USD Million	[+]

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 September of 2019.

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

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Country	Last		Previous	Range
Argentina	-5.50	Dec/18	-6.1	3.7 : -6.4	%
Australia	-0.60	Dec/18	-1.9	2.2 : -4.2	%
Brazil	-7.10	Dec/18	-7.8	-2 : -10.2	%
Canada	-0.70	Dec/18	-0.9	5.1 : -8.1	%
China	-4.20	Dec/18	-3.7	0.58 : -4.2	%
Euro Area	-0.50	Dec/18	-1	-0.5 : -7.4	%
France	-2.50	Dec/18	-2.8	1.5 : -7.2	%
Germany	1.70	Dec/18	1	1.7 : -9.4	%
India	-3.42	Dec/18	-3.53	-2.53 : -8.13	%
Indonesia	-1.76	Dec/18	-2.51	3.02 : -2.58	%
Italy	-2.10	Dec/18	-2.4	-1.5 : -7.3	%
Japan	-3.80	Dec/18	-4.8	2.58 : -8.3	%
Mexico	-2.00	Dec/18	-1.1	3.3 : -3.4	%
Netherlands	1.50	Dec/18	1.2	1.5 : -8.7	%
Russia	2.70	Dec/18	-1.5	9.88 : -7.9	%
Saudi Arabia	-9.20	Dec/18	-8.9	43.17 : -25.27	%
Singapore	0.40	Dec/18	0.3	21.23 : -1.2	%
South Africa	-4.40	Dec/18	-4.4	1 : -7.4	%
South Korea	-1.60	Dec/18	-1.1	3.47 : -4.1	%
Spain	-2.50	Dec/18	-3.1	2.2 : -11	%
Switzerland	1.30	Dec/18	1.2	1.9 : -3.2	%
Turkey	-2.00	Dec/18	-1.5	-0.6 : -33	%
United Kingdom	-2.00	Dec/18	-2.3	4.8 : -9.9	%
United States	-3.80	Dec/18	-3.5	4.5 : -9.8	%