Publication detail

Quarterly government accounts, 1st quarter 2009


  • Statistical Series
  • 08. June 2009
  • Vol 94, Issue 37
  • ISSN: 1670-4665


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In the 1st quarter of 2009, the financial balance of the general government amounted to 24 billion ISK in deficit or 6.9% of quarterly GDP and 15.7% of general government total revenue. This can be compared with a surplus of 5.5% of quarterly GDP and 10.9% of general government total revenue in the 1st quarter of 2008. This adverse deterioration between the 1st quarters 2008 and 2009 is due to both income reduction and large expenditure increase.
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