The general government net financial assets, i.e. the financial assets less liabilities, were negative by 615 billion ISK in 2009 or 41% of GDP. The deterioration from 2008 is 322 billion ISK or 22% of GDP.More

The financial balance of the general government (i.e. the central government (CG), social security funds (SSF) and local governments (LG)) amounted to 43.5 billion ISK in deficit compared with 14 billion ISK deficit in the 4th quarter of 2008 (excluding the central government debt assumption of 192 billion ISK in 2008). More

Wages increased by 1.6% on average between the 3rd and the 4th quarter of 2009 according to the quarterly wage index. During the same period wages in the private sector increased by 1.9% and by 0.8% in the public sector. More