Quarterly government accounts, 1st quarter 2009

  • Statistical Series
  • 08. June 2009
  • Vol 94, Issue 37
  • ISSN: 1670-4665

  • Download PDF
In the 1st quarter of 2009, the financial balance of the general government amounted to 24 billion ISK in deficit or 6.9% of quarterly GDP and 15.7% of general government total revenue. This can be compared with a surplus of 5.5% of quarterly GDP and 10.9% of general government total revenue in the 1st quarter of 2008. This adverse deterioration between the 1st quarters 2008 and 2009 is due to both income reduction and large expenditure increase.

Go back