• Statistical Series
• 14. March 2008
• Vol 93, Issue 19
• ISSN: 1670-4665



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In the 4th quarter of 2007, the financial balance of the general government (i.e. the central government, the social security funds and the local governments) amounted to 17.8 billion ISK in surplus or 1.4% of GDP and 11.2% of general government total revenue. This can be compared with a surplus of 2.0% of GDP and 15.9% of general government total revenue in the 4th quarter of 2006. In 2007, the financial balance of the general government was 66.6 billion ISK in surplus or 5.2% of GDP, which can be compared with a surplus of 6.3% of GDP for 2006 or 73.8 billion ISK.