# Nigeria fiscal policy and budget management > Live situation record from CLSTR: https://clstr.news/situations/nigeria-fiscal-policy-and-budget-management > Updated: 2026-09-14T01:39:40.000Z. Sources: 6. Developments: 2. Nigeria is facing significant fiscal challenges regarding its national budget. Analysis by the civic technology organization BudgIT indicates that the projected budget deficit for 2026 is expected to more than double from N13.08 trillion in 2025 to over N31 trillion. This deficit, representing 6.4 percent of GDP, is projected to be funded primarily through borrowing, as anticipated revenue is expected to cover only 53.9 percent of the record N68.32 trillion budget. BudgIT characterized the 2026 budget as “ambitious but unrealistic” due to rising fiscal risks and stagnant revenues. In response to ongoing implementation challenges and overlapping fiscal years, the Nigerian Federal Government is attempting to advance its budget cycle. The government aims to submit the 2027 budget proposal to the National Assembly by September 2026. To improve accuracy, the Budget Office has introduced stricter requirements, such as requiring ministries, departments, and agencies to submit Establishment Acts alongside proposals. The government is also working to harmonize macroeconomic assumptions, including crude oil prices and production, to better align projections with actual economic outcomes. ## Timeline ### 2026-09-14: Nigeria targets September 2026 for 2027 budget submission Nigeria aims to submit its 2027 budget proposal by September 2026, setting a September 18 deadline for agencies to submit personnel cost proposals to improve fiscal cycle management. 6 sources. https://clstr.news/cluster/nigeria-targets-september-2026-for-2027-budget-submission ### 2026-08-16: Nigeria budget deficit projected to double to N31 trillion in 2026 Nigeria's projected 2026 budget deficit is expected to exceed N31 trillion, doubling from 2025 and potentially violating fiscal laws, according to BudgIT. 2 sources. https://clstr.news/cluster/nigeria-budget-deficit-projected-to-double-to-n31-trillion-in-2026 --- Cite as: Nigeria fiscal policy and budget management. CLSTR, https://clstr.news/situations/nigeria-fiscal-policy-and-budget-management