In the 4th quarter of 2014, 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 7.7 billion ISK or 1.5% of the GDP in that quarter. This can be compared with a 15.3 billion ISK deficit in the 4th quarter of 2013, or 3.2% of GDP of that quarter.

Quarterly government accounts, 4th quarter 2014 - Statistical Series