• 08. December 2010
• Vol 95, Issue 73
• ISSN: 1670-4665



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In the 3rd quarter of 2010, the financial balance of the general government (i.e. the central government, the social security funds and the local governments) amounted to 26 billion ISK in deficit or 6.6% of the GDP in that quarter and 15.8% of general government total revenue. This can be compared with 38 billion ISK in deficit in the 3rd quarter of 2009 or 9.8% of GDP. In the first nine months of 2010, the financial balance of the general government was 76 billion ISK in deficit or 6.7% of GDP, which can be compared with a deficit of 9.6% of GDP for the same period in 2009.