Quarterly government accounts, 3rd quarter 2016

  • Statistical Series
  • 09. December 2016
  • Vol 101, Issue 33
  • ISSN: 1670-4770

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In the 3rd quarter of 2016, the financial balance of the general government (i.e. the central government, the social security funds and the local governments) amounted to a 2.5 billion ISK surplus or 0.4% of quarterly GDP and 1.0% of general government total revenue. Compared to 9.0 billion ISK deficit in the 3rd quarter of 2015 or 1.6% of GDP in that quarter. In first nine months of the year, the surplus amounted to 378.4 billion ISK, 33.8% of the total revenue. Included in 1st quarter 2016 is extraordinary revenue of 384.3 billion ISK due to stability contribution.

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