Quarterly government accounts, 2nd quarter 2016
In the 2nd quarter of 2016, the financial balance of the general government amounted to a 6.6 billion ISK surplus or 1.1% of quarterly GDP and 2.7% of general government total revenue. Compared to 11.6 billion ISK deficit in the 2nd quarter of 2015 or 2.1% of quarterly GDP. In first half of the year, the surplus amounted to 371.5 billion ISK, 43.1% of the total revenue. Included in 1st quarter 2016 is extraordinary revenue of 384.3 billion ISK due to stability contribution associated with the resolution of the failed bank estates. Included in 2nd quarter 2016 is dividend revenue of 15.3 billion ISK from state owned banks.