In the 1st quarter of 2018, the financial balance of the general government (i.e. the central government, the social security funds and the local governments) amounted to 9.6 billion ISK in surplus or 1.5% of quarterly GDP and 3.5% of general government total revenue. Total revenue increased by 5.3% from 1st quarter 2017 to 2018 compared with 5.0% increase in total expenditure.
Quarterly government accounts, 1st quarter 2018 - Statistical Series