In the 4th quarter of 2013, the financial balance of the general government (i.e. the central government, the social security funds and the local governments) amounted to a deficit of 23.0 billion ISK or 5.0% of the GDP in that quarter. This can be compared with a 36 billion ISK deficit in the 4th quarter of 2012, or 8.3% of GDP of that quarter.

Quarterly government accounts, 4th quarter 2013 - Statistical Series

Statistics