Quarterly government accounts, 4th quarter 2016

  • Statistical Series
  • 15. March 2017
  • Vol 102, Issue 7
  • ISSN: 1670-4770

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In the 4th quarter of 2016, the financial balance of the general government (i.e. the central government, the social security funds and the local governments) amounted to 27.3 billion ISK in surplus or 4.3% of quarterly GDP and 9.4% of general government total revenue. This can be compared to 14.2 billion ISK surplus in the 4th quarter of 2015. In 2016, the the financial balance of the general government amounted to a 416.8 billion ISK surplus or 29.5% of the total revenue. Included is extraordinary revenue of 384.3 billion ISK due to stability contribution from the estates of the fallen banks in the 1st quarter of 2016.

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