Nigeria recorded a Government Budget deficit equal to 4.70 percent of the country's Gross Domestic Product in 2021. source: Central Bank of Nigeria

Government Budget in Nigeria averaged -2.43 percent of GDP from 1981 until 2021, reaching an all time high of 0.80 percent of GDP in 1996 and a record low of -6.00 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 February of 2023.

Government Budget in Nigeria is expected to reach -4.70 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Government Budget is projected to trend around -4.80 percent of GDP in 2023 and -4.30 percent of GDP in 2024, according to our econometric models.

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Nigeria Government Budget

Related Last Previous Unit Reference
Government Budget -4.70 -4.00 percent of GDP Dec 2021
Government Revenues 1227.33 1052.42 NGN Billion Sep 2022
Government Budget Value -1191.98 -1401.72 NGN Billion Sep 2022
Fiscal Expenditure 2419.31 2454.14 NGN Billion Sep 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-4.70 -4.00 0.80 -6.00 1981 - 2021 percent of GDP Yearly