Statistics Iceland releases now a new issue of Statistical Series. This issue presents the main indicators on Government Finances in the 4th quarter of 2006. In that quarter, the financial balance of general government amounted to 20 billion ISK in surplus or 1.8 per cent of GDP. This can be compared with a surplus of 1.8 per cent of GDP in the 4th quarter of 2005. In 2006, the general government financial balance was positive by 60.7 billion ISK or by 5.3 per cent of GDP. In 2005, the general government financial balance was 53.6 billion ISK or 5.2 per cent of GDP. This favourable result is mainly caused by a record high surplus in central government finances. The local government financial balance went from a deficit in 2004 to a slight surplus in 2005 which amounted to 4.4 billion krónur or 0.4 per cent of GDP. In 2006, the local government financial balance is expected to be in surplus by 0.5% of GDP.

Up to now, detailed data on the gerneral government quarterly accounts have not been available, but now for the first time these data are published in the new issue on the non-financial accounts for general government; see Tables-5-8.   

Quarterly government accounts, 4th quarter 2006 - Statistical Series

Statistics