Publication detail

General government finances 2013 - revision


  • Statistical Series
  • 23. September 2014
  • Vol 99, Issue 31
  • ISSN: 1670-4665


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In 2013, the financial balance of the general government was 32 billion ISK in deficit or 1.7% of GDP, which can be compared with a deficit of 3.7% of GDP for 2012. The reduced deficit in 2013 can be explained by 7.4% increase in revenue and 2.7% increase in expenditure. The general government total revenue amounted to 42.5% of GDP in 2013 while its total expenditure amounted to 44.2% of GDP.
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