In the 1st quarter of 2015, the financial balance of the general government (i.e. the central government, the social security funds and the local governments) amounted to 14.9 billion ISK deficit or 2.9% of quarterly GDP and 6.9% of general government total revenue. This can be compared with 10.1 billion ISK in surplus in the 1st quarter of 2014.

Quarterly government accounts, 1st quarter 2015 - Statistical Series

Statistics (see General government quarterly accounts )