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APPENDIX I: Data of Fiscal Policy and Economic Performance in Nigeria YEAR Government Revenue (?,Bill) Government Expenditure (?,Bill) Government Borrowing (?,Bill) Debt Servicing (?,Bill) Real Gross Domestic Product (?,Bill) 1987 25.4 22.0 36.79 3.93 244.68 1988 27.6 27.7 47.03 9.24 315.62 1989 53.9 41.0 47.05 13.27 414.86 1990 98.1 60.3 84.09 23.82 494.64 1991 101.0 66.6 116.2 26.41 590.06 1992 190.5 92.8 177.96 19.40 906.03 1993 192.8 191.2 273.84 81.08 1,257.17 1994 201.9 160.9 407.58 49.40 1,768.79 1995 460.0 248.8 477.73 51.06 3,100.24 1996 523.6 337.2 419.98 42.96 4,086.07 1997 582.8 428.2 501.75 68.54 4,418.71 1998 463.6 487.1 560.83 64.39 4,805.16 1999 949.2 947.7 794.81 30.84 5,482.35 2000 1,906.2 701.1 898.25 131.05 7,062.75 2001 2,231.6 1,018.0 1,016.97 155.42 8,234.49 2002 1,731.8 1,018.2 1,166.00 163.81 11,501.45 2003 2,575.1 1,226.0 1,329.68 363.51 13,556.97 2004 3,920.5 1,504.2 1,370.33 382.5 18,124.06 2005 5,547.5 1,919.7 1,525.91 393.95 23,121.88 2006 5,965.1 2,038.0 1,753.26 249.33 30,375.18 2007 5,727.5 2,450.9 2,169.64 213.73 34,675.94 2008 7,866.6 3,240.8 2,320.31 381.2 39,954.21 2009 4,844.6 3,453.0 3,228.03 251.79 43,461.46 2010 7,303.7 4,194.6 4,551.82 415.56 55,469.35 2011 11,116.8 4,712.1 5,622.84 527.18 63,713.36 2012 10,654.7 4,605.3 6,537.54 679.30 72,599.63 2013 9,759.8 5,185.3 7,118.98 828.10 81,009.96 2014 10,068.9 4,587.4 7,904.03 941.7 90,136.98 2015 6,912.5 4,988.9 8,837.00 1,060.38 95,177.74 2016 5,616.4 5,858.6 11,058.20 1,426.00 102,575.42 2017 7,444.8 6,456.7 12,578.80 1,823.89 114,899.25 2018 9,551.7 7,813.7 12,774.40 2,161.37 129,086.91 2019 10,262.3 9,714.6 14,272.64 2,454.07 145,639.14 2020 9,276.1 10,231.7 16,023.89 3,265.47 154,252.32 2021 10,755.4 12,164.1 35,097.79 3300.56 176,075.50 2022 12,586.5 24,431.21 40,912.61 4,442.21 182,025.40 2023 14,324.7 28,534.8 44,514.23 5,303.2 193,223.20 Source: Central Bank of Nigeria (CBN) Statistical Bulletin, 2023
