• Statistical Series
• 10. June 2013
• Vol 98, Issue 20
• ISSN: 1670-4665



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In the 1st quarter of 2013, the financial balance of the general government amounted to 8.2 billion ISK in deficit or 1.9% of quarterly GDP and 4.5% of general government total revenue. This can be compared with 6.7 billion ISK in deficit in the 1st quarter of 2012 or 1.6% of GDP in that quarter. The general government total revenue has increased by 3.1% between the 1st quarters of 2012 and 2013, or from 177.6 billion ISK to 183.2 billion ISK. This increase can mainly be explained by increased revenue from income taxes and taxes on goods and services.