News
Tuesday - 12 March 2013
No. 46/2013
The government finances slowly recovering
In the 4th quarter of 2012, the financial balance of the general government (i.e. the central government, the social security funds and the local governments) amounted to a deficit of 33.5 billion ISK or 7.7% of the GDP in that quarter. This can be compared with a 47 billion ISK deficit in the 4th quarter of 2011, or 11.3% of GDP of that quarter. For the whole year 2012, the deficit was 3.4% of GDP compared with 5,6% of GDP in 2011.
Quarterly government accounts, 3rd quarter 2011 - Statistical Series