Publication detail

General government finances 2012, preliminary accounts


  • Statistical Series
  • 12. March 2013
  • Vol 98, Issue 5
  • ISSN: 1670-4665


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In 2012, the financial balance of the general government was 58.5 billion ISK in deficit or 3.4% of GDP, which can be compared with a deficit of 5.6% of GDP for 2011. The reduced deficit in 2012 can be explained by 8% increase in revenue and 2.9% increase in expenditure. The general government total revenue amounted to 43.0% of GDP in 2012, compared with 41.7% in 2011 and 41.3% in 2010. [Corrected version 14 March 2013]
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