In 2013, the financial balance of the general government was 37.1 billion ISK in deficit or 2.1% of GDP, which can be compared with a deficit of 3.8% of GDP for 2012. The reduced deficit in 2013 can be explained by 6.6% increase in revenue and 2.6% increase in expenditure. The general government total revenue amounted to 44.2% of GDP in 2013, compared with 43.6% in 2012 and 41.8% in 2010. The general government total expenditure amounted to 46.3% of GDP in 2013 compared with 47.4% in 2012.

Statistics Iceland releases now a new issue of Statistical Series. This issue presents the preliminary figures for the General Government Finances in 2013 and its main focus is on the general government. Similar information on its subsectors is available on the Statistics Iceland’s website. 

General government finances 2013, preliminary accounts - Statistical Series