• Statistical Series
• 13. June 2008
• Vol 93, Issue 42
• ISSN: 1670-4665



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In the 1st quarter of 2008, the financial balance of the general government (i.e. the central government, the social security funds and the local governments) amounted to 16.2 billion ISK in surplus or 1.2% of GDP and 10.2% of general government total revenue. This can be compared with a surplus of 1.7% of GDP and 14.2% of general government total revenue in the 1st quarter of 2007. The financial balance of the central government and the social security funds was in surplus by 14.9 billion ISK in the 1st quarter of 2008, which can be compared with a surplus of 23 billion ISK in the 1st quarter of 2007.