General government finances 2016 — revision
- Statistical Series
- 14 September 2017
- Vol 102, Issue 18
- ISSN: 1670-4770
In 2016, the financial balance of the general government was 309.5 billion ISK in surplus or 12.6% of GDP, compared with a deficit of 0.8% of GDP in 2015. Revenue due to stability contribution, 384.2 billion ISK, is included in 2016. Expenditure due to contribution to the Government Employees Pension Fund, 105.1 billion ISK, in included in 2016 as capital transfer. The general government total revenue amounted to 57.7% of GDP in 2016 while its total expenditure amounted to 45.1% of GDP.