Nigeria recorded a government budget deficit of 2740.49 NGN Billion in the second quarter of 2022. source: Central Bank of Nigeria

Government Budget Value in Nigeria averaged -806.29 NGN Billion from 2010 until 2022, reaching an all time high of 38.36 NGN Billion in the third quarter of 2010 and a record low of -3493.11 NGN Billion in the first quarter of 2022. This page provides - Nigeria Government Budget Value- actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Government Budget Value - values, historical data and charts - was last updated on December of 2022.

Government Budget Value in Nigeria is expected to be -2840.00 NGN Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Government Budget Value is projected to trend around -3550.00 NGN Billion in 2023 and -2500.00 NGN Billion in 2024, according to our econometric models.

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Nigeria Government Budget Value

Related Last Previous Unit Reference
Government Budget -4.70 -4.00 percent of GDP Dec 2021
Government Revenues 1052.42 1082.05 NGN Billion Jun 2022
Government Budget Value -2740.49 -3493.11 NGN Billion Jun 2022
Fiscal Expenditure 3792.91 4575.15 NGN Billion Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-2740.49 -3493.11 38.36 -3493.11 2010 - 2022 NGN Billion Quarterly