• Statistical Series
• 15. March 2017
• Vol 102, Issue 6
• ISSN: 1670-4770



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In 2016, the financial balance of the general government was 416.8 billion ISK in surplus or 17.2% of GDP, compared with a deficit of 18.5 billion ISK in 2015 or 0.8% of GDP. The revenue increased by 52.0% while the expenditure increased by 5.2%. Included in 2016 is extraordinary revenue of 384.3 billion ISK due to stability contribution from the estates of the fallen banks. The general government total revenue in 2016 of 1.415 billion ISK amounted to 58.4% of GDP, compared with 42.0% in 2015. The general government total expenditure of 998 billion ISK amounted to 41.2% of the 2016 GDP, compared with 42.9% in 2015.