Iceland Government Budget
Iceland recorded a Government Budget deficit equal to 1.70 percent of the country's Gross Domestic Product in 2013. Government Budget in Iceland averaged -1.21 Percent of GDP from 1998 until 2013, reaching an all time high of 6.30 Percent of GDP in 2006 and a record low of -13.50 Percent of GDP in 2008. Government Budget in Iceland is reported by the Icelandic Ministry of Finance.
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Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Iceland Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.