• Statistical Series
• 09. March 2009
• Vol 94, Issue 16
• ISSN: 1670-4665



• Download PDF

In the 4th 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 17 billion ISK in deficit or 1.2% of GDP and 10.9% of general government total revenue. This can be compared with a surplus of 1.5% of GDP and 12.2% of general government total revenue in the 4th quarter of 2007. In 2008, the financial balance of the general government was 17.2 billion ISK in deficit or 1.2% of GDP, which can be compared with a surplus of 5.4% of GDP for 2007 or 70.6 billion ISK.