Publication detail

General government finances 2010, preliminary accounts


  • Statistical Series
  • 14. March 2011
  • Vol 96, Issue 16
  • ISSN: 1670-4665


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In 2010, the financial balance of the general government was 120 billion ISK in deficit or 7.8% of GDP, which can be compared with a deficit of 10% of GDP for 2009 and 13.5% for 2008 (see figure 2). The reduced deficit in 2010 can mainly be explained by increase in revenue. The tax revenue and social contributions increased by 49 billion ISK at the same time as other revenue decreased by 13 billion ISK. [Note: This is a corrected version issued 17 March 2011.]
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