• Statistical Series
• 15. March 2018
• Vol 103, Issue 13
• ISSN: 1670-4770



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In the 4th quarter of 2017, the financial balance of the general government (i.e. the central government, the social security funds and the local governments) amounted to 18.8 billion ISK in surplus or 2.8% of quarterly GDP and 6.3% of general government total revenue. This can be compared to 88.5 billion ISK deficit in the 4th quarter of 2016, mainly due to the 105.1 billion ISK contribution of the central government to the A-part of the State Pension Fund. In 2017, the financial balance of the general government amounted to a 38.7 billion ISK surplus or 3.5% of the total revenue.