Quarterly government accounts, 2nd quarter 2012
- Statistical Series
- 10. September 2012
- Vol 97, Issue 30
- ISSN: 1670-4665
- Download PDF
The financial balance (or net lending/borrowing) of the general government (i.e. the central government, the social security funds and the local governments) was 12.3 billion ISK in deficit in the 2nd quarter of 2012 or 2.9% of quarterly GDP and 6.7% of general government total revenue. This can be compared with 18.6 billion ISK in deficit in the 2nd quarter of 2011 or 4.7% of GDP in that quarter. The general government total revenue increased by 10% between the 2nd quarters of 2011 and 2012, or from 166.3 billion ISK to 183.4 billion ISK.
