The Nigerian Federal Government’s 2026 budget projects total revenue of N36.87 trillion and total expenditure of N68.32 trillion, resulting in a fiscal deficit of N31.45 trillion, equivalent to 6.41% of GDP. Another account states the deficit is equivalent to 6.4% of GDP. The deficit exceeds the 3% GDP limit set by the Fiscal Responsibility Act. The budget was initially proposed at N58.47 trillion and later revised to N68.32 trillion after the Senate approved an adjustment requested by President Bola Ahmed Tinubu. BudgIT described the 2026 budget as ambitious, unrealistic, and not feasible under current conditions. According to matrixngr.com, the government can finance 53.9% of the budget from actual revenues and will depend on borrowing and loans to finance 46.1% of it. The 2026 budget is the largest fiscal plan in Nigeria’s history.