World Bank predicts wider 2018 FG budget deficit By Mod - [ Update Vanguard ] …Suggests subsidy reform By Emma Ujah, Abuja Bureau Chief The World Bank has predicted a wider fiscal deficit beyond the N1.95 trillion stated in the 2018 budget of the federal government of Nigeria. President Buhari signed the 2018 Budget into Law Wednesday June 20, 2018 at the State House, Abuja. In its ‘Nigeria bi-annual Economic Update’, released yesterday, the Breton Woods Institution opined that the pressure to spend more money on projects, especially with elections in just a few months, combined with sustained low revenues would push up deficit beyond its planned figure for the fiscal year which overruns by six months into 2019. “The fiscal deficits will likely widen in 2018 due to increased pre-election spending and sustained revenue shortfalls. The 2018 budget implementation is expected to be assertive, with a rush to complete projects before ele...