Quarterly government accounts, 2nd quarter 2010

  • Statistical Series
  • 06. September 2010
  • Vol 95, Issue 55
  • ISSN: 1670-4665

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In the 2nd quarter of 2010, the financial balance of the general government amounted to 42 billion ISK in deficit or 8% of quarterly GDP and 18,6% of general government total revenue. This can be compared with a deficit of 11% of quarterly GDP and 28,3% of general government total revenue in the 2nd quarter of 2009. This improvement between the quarters can be explained by a large increase in tax revenue and a drastic decrease in the investment expenditure, or by one third.

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