• Statistical Series
• 11. June 2012
• Vol 97, Issue 22
• ISSN: 1670-4665



• Download PDF

In the 1st quarter of 2012, the financial balance of the general government amounted to 8.1 billion ISK in deficit or 1.9% of quarterly GDP and 4.6% of general government total revenue. This can be compared with 11.8 billion ISK in deficit in the 1st quarter of 2011 or 3.1% of GDP in that quarter. The deficit has not been less since the second quarter of 2008. The general government total revenue has increased by 11.1% between the 1st quarters of 2011 and 2012, or from 160.8 billion ISK to 178.8 billion ISK.