• Statistical Series
• 10. December 2012
• Vol 97, Issue 40
• ISSN: 1670-4665



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The financial balance (or net lending/borrowing) of the general government was 8.4 billion ISK in deficit in the 3rd quarter of 2012 or 1.9% of quarterly GDP and 4.5% of general government total revenue. This can be compared with 14.4 billion ISK in deficit in the 3rd quarter of 2011 or 3.4% of GDP in that quarter. In the first nine months of 2012, the financial balance of the general government was 29 billion ISK in deficit or 2.3% of GDP, which can be compared with a deficit of 3.8% of GDP for the same period in 2011.