Iceland Government Budget

Iceland recorded a Government Budget deficit equal to 1.50 percent of the countrys Gross Domestic Product in 2012. Government Budget in Iceland is reported by the Ministry of Finance of Iceland. From 1998 until 2012, Iceland Government Budget averaged -1.1 Percent of GDP reaching an all time high of 6.3 Percent of GDP in December of 2006 and a record low of -13.5 Percent of GDP in December of 2008. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-1.50 -5.50 6.30 -13.50 1.80 | 2013/12 1998 - 2012 Percent of GDP Yearly

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Iceland Government Budget
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Budget Value 16262.00 2014-02-15 -10448.00 24990.00 -29896.00 -10238.28 2014-03-31 ISK Million [+]
Government Spending 69607.00 2013-11-15 66259.00 73334.00 46227.00 67876.22 2014-03-31 ISK Million [+]
Government Debt To GDP 96.20 2012-12-31 101.00 101.00 23.00 94.00 2013-12-31 Percent [+]
Credit Rating 48.48 [+]
Government Budget -1.50 2012-12-31 -5.50 6.30 -13.50 1.80 2013-12-31 Percent of GDP [+]
[+]


Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


RELATED NEWS

Iceland Current Account at 11.13 ISK Billion  
Iceland recorded a Current Account surplus of 11.13 ISK Billion in the fourth quarter of 2013. Current Account in Iceland is reported by the Central Bank of Iceland.
Iceland Capital Flows at -60.68 ISK Billion  
Capital Flows in Iceland increased to -60.68 ISK Billion in the fourth quarter of 2013 from -69.18 ISK Billion in the third quarter of 2013. Capital Flows in Iceland is reported by the Central Bank of Iceland.
Iceland Car Registrations at 697.00 Cars  
Car Registrations in Iceland increased to 697 Cars in March of 2014 from 628 Cars in February of 2014. Car Registrations in Iceland is reported by the Statistics Iceland.
Iceland Changes in Inventories at -5701.00 ISK Million  
Changes in Inventories in Iceland increased to -5701 ISK Million in the fourth quarter of 2013 from -5782 ISK Million in the third quarter of 2013. Changes in Inventories in Iceland is reported by the Statistics Iceland.
Iceland Consumer Price Index (CPI) at 419.70 Index Points  
Consumer Price Index (CPI) in Iceland increased to 419.70 Index Points in March of 2014 from 418.70 Index Points in February of 2014. Consumer Price Index (CPI) in Iceland is reported by the Statistics Iceland.
Iceland Consumer Spending at 149952.00 ISK Million  
Consumer Spending in Iceland increased to 149952 ISK Million in the fourth quarter of 2013 from 134826 ISK Million in the third quarter of 2013. Consumer Spending in Iceland is reported by the Statistics Iceland.
Iceland Core Consumer Prices at 234.00 Index Points  
Core Consumer Prices in Iceland increased to 234 Index Points in March of 2014 from 233 Index Points in February of 2014. Core Consumer Prices in Iceland is reported by the Statistics Iceland.
Iceland Disposable Income per Capita at 346.00 Index Points  
Disposable Personal Income in Iceland increased to 346 Index Points in 2012 from 331 Index Points in 2011. Disposable Personal Income in Iceland is reported by the Statistics Iceland.
Iceland Employed Persons at 174900.00  
The number of employed persons in Iceland increased to 174900 in 2013 from 169300 in 2012. Employed Persons in Iceland is reported by the Statistics Iceland.
Iceland Export Prices at 214.97 Index Points  
Export Prices in Iceland decreased to 214.97 Index Points in 2013 from 222.46 Index Points in 2012. Export Prices in Iceland is reported by the Icelandic Ministry of Finance.
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