Government Budget in Nigeria increased to -3.80 percent of GDP in 2020 from -4.20 percent of GDP in 2019. source: Central Bank of Nigeria

Government Budget in Nigeria averaged -2.37 percent of GDP from 1981 until 2020, 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. Nigeria Government Budget - values, historical data and charts - was last updated on September of 2021.

Government Budget in Nigeria is expected to reach -4.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Government Budget is projected to trend around -3.70 percent of GDP in 2022 and -3.50 percent of GDP in 2023, according to our econometric models.

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Nigeria Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-3.80 -4.20 0.80 -6.00 1981 - 2020 percent of GDP Yearly
NSA

Nigeria Government Last Previous Highest Lowest Unit
Government Debt to GDP 34.98 29.10 75.00 7.30 percent of GDP [+]
Government Budget -3.80 -4.20 0.80 -6.00 percent of GDP [+]
Government Revenues 903.52 997.49 1480.87 498.54 NGN Billion [+]
Military Expenditure 2403.00 1860.00 7325.00 189.00 USD Million [+]
Credit Rating 28.00 [+]
Government Spending 1409720.94 1889404.68 2339712.81 609792.40 NGN Million [+]
Government Budget Value -1483.93 -1544.48 38.36 -1664.20 NGN Billion [+]
Government Debt 87239.12 86392.54 87239.12 48361.37 USD Million [+]
Fiscal Expenditure 2387.46 2541.97 2625.09 743.65 NGN Billion [+]


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.