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. This page provides - Nigeria Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Central Bank of Nigeria

Government Budget in Nigeria is expected to be -1.50 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 -1.30 percent of GDP in 2020, according to our econometric models.


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Nigeria Government Budget

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

Nigeria Government Budget
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.

Nigeria Government Last Previous Highest Lowest Unit
Government Debt to GDP 17.50 18.20 75.00 7.30 percent [+]
Government Budget -2.80 -3.20 0.80 -6.00 percent of GDP [+]
Government Revenues 1026.95 944.58 1144.47 498.54 NGN Billion [+]
Government Spending 929917.32 1027351.08 1615675.03 609792.40 NGN Million [+]
Government Budget Value -379.69 -635.30 38.36 -1664.20 NGN Billion [+]
Government Debt 85390.82 83882.66 85390.82 48361.37 USD Million [+]
Fiscal Expenditure 1406.63 1579.88 2495.13 743.65 NGN Billion [+]
Credit Rating 31.00 [+]
Military Expenditure 1907.00 1621.00 6847.00 176.00 USD Million [+]