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.

Nigeria Government Budget Value
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

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 798.82 1121.55 1121.55 498.54 NGN Billion [+]
Government Spending 929917.32 1027351.08 1615675.03 609792.40 NGN Million [+]
Government Budget Value -398.22 -713.13 38.36 -1664.20 NGN Billion [+]
Government Debt 83882.66 81274.09 83882.66 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 [+]

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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-398.22 -713.13 38.36 -1664.20 2010 - 2019 NGN Billion Quarterly

Country Last Previous
Argentina -25368.30 Sep/19
Australia -9001.00 Jun/19
Brazil -63644.00 Aug/19
Canada -1470.00 Jul/19
China -257.10 Aug/19
France -123.14 Aug/19
Germany 7.47 Mar/19
India -5538.40 Aug/19
Indonesia -259900.00 Dec/18
Italy 13.26 Aug/19
Japan -117024.00 Jun/19
Mexico 34970.00 Aug/19
Netherlands -18.70 Jun/19
Russia 2986.22 Sep/19
Saudi Arabia -135704.00 Dec/18
Singapore 4068.40 Aug/19
South Africa -42808.00 Aug/19
South Korea -22340.00 Aug/19
Spain -14937.00 Aug/19
Switzerland 2176.00 Dec/19
Turkey 837007.00 Aug/19
United Kingdom -1819.00 Aug/19
United States -200344.00 Aug/19