Quarterly government accounts, 4th quarter 2011

  • Statistical Series
  • 09. March 2012
  • Vol 97, Issue 8
  • ISSN: 1670-4665

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In the 4th quarter of 2011, the financial balance of the general government amounted to 29 billion ISK in deficit or 7% of the GDP in that quarter. This can be compared with 87 billion ISK in deficit in the 4th quarter of 2010, or 22% of GDP of that quarter, or in deficit of 8% of GDP if called guarantees of 55.5 billion ISK in 4th quarter of 2010 are excluded. For the whole year 2011, the deficit was 4.4% of GDP compared with 10% of GDP in 2010 or 6.5% of GDP if called guarantees are excluded.

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