General government finances 2015 — revision
In 2015, the financial balance of the general government was 18.5 billion ISK in deficit or 0.8% of GDP, compared with a deficit of 0.1% of GDP in 2014. The increased deficit in 2015 is explained by 4.5% increase in expenditure and only 2.6% increase in revenue. The general government total revenue amounted to 42.1% of GDP in 2015 while its total expenditure amounted to 42.9% of GDP.