Economic Recovery Growth Plan (ERGP) 2017-2020

Exports of goods and services (X)
…..of which exports of goods 8.38 10.23 10.95 10.85 11.13
Imports of goods and services (M) -12.58 -12.03 -11.40 -10.58 -10.47
Table …..of A which (cont’d) imports of – goods Selected Macroeconomic -8.69 Projections, -8.43 2016-2020 -8.11 -7.59 (in per cent -7.71 of GDP,
unless otherwise specified)
FISCAL
Revenue 3.95 4.68 4.30 4.61 4.46
…..of which oil
...of which non oil (inluding accrued government revenue &
other government independent revenue)
0.74 1.88 1.68 2.11 2.01
3.22 2.80 2.62 2.50 2.45
Non-debt recurrent expenditure 2.40 2.49 2.22 2.02 2.03
Interest payments 1.40 1.58 1.64 1.59 1.54
Expenditure 6.21 6.92 6.27 5.85 5.57
Capital Expenditure 1.63 1.95 1.54 1.42 1.41
Primary Balance -0.86 -0.66 -0.33 0.35 0.42
Deficit (-) or Surplus (% GDP) -2.26 -2.23 -1.96 -1.24 -1.12
Financing
Domestic (% of financing) 53.68 53.21 34.38 20.57 26.06
Foreign (% of financing) 28.80 45.30 65.62 79.43 71.66
Other Financing (% of financing) 17.52 0.00 0.00 0.00 0.00
Use of Cash Balances (% of financing) 0.00 1.49 0.00 0.00 2.28
Primary balance (% of GDP) -0.84 -2.80 -6.19 -4.33 -6.08
MONETARY (yoy %)
Net Domestic Credit (NDC) YOY growth rate 33.32 10.26 14.72 18.20 19.88
Government (NDCg) YOY growth rate 12.30 14.23 9.16 8.66 10.71
Private (DCp) YOY growth rate 30.74 10.68 14.12 17.21 19.00
M2 Growth YOY growth rate 22.18 22.89 20.06 21.84 19.52
Income Velocity 4.32 3.80 3.46 3.12 2.83
Sources: MBNP, NBS, FMF and CBN
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