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. This page provides – Nigeria Government Budget – actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Government Budget – actual data, historical chart and calendar of releases – was last updated on October of 2018.
Nigeria recorded a Government Budget deficit equal to 5.10 percent of the country’s Gross Domestic Product in 2017. Government Budget in Nigeria averaged -2.89 percent of GDP from 1981 until 2017, reaching an all time high of 0.80 percent of GDP in 1996 and a record low of -6.70 percent of GDP in 1990.