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. 2014-04-18

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 [+]
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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 Government Budget Value at 16262.00 ISK Million  
Iceland recorded a government budget surplus of 16262 ISK Million in February of 2014. Government Budget Value in Iceland is reported by the Central Bank Of Iceland.
Iceland Government Spending at 69607.00 ISK Million  
Government Spending in Iceland increased to 69607 ISK Million in the fourth quarter of 2013 from 66259 ISK Million in the third quarter of 2013. Government Spending in Iceland is reported by the Statistics Iceland.
Iceland Gross Fixed Capital Formation at 33084.00 ISK Million  
Gross Fixed Capital Formation in Iceland increased to 33084 ISK Million in the fourth quarter of 2013 from 31504 ISK Million in the third quarter of 2013. Gross Fixed Capital Formation in Iceland is reported by the Statistics Iceland.
Iceland Gross National Income at 999053.00 ISK Million  
Gross National Product in Iceland increased to 999053 ISK Million in 2013 from 900218 ISK Million in 2012. Gross National Product in Iceland is reported by the Statistics Iceland.
Iceland Harmonised Consumer Prices at 176.70 Index Points  
Harmonised Consumer Prices in Iceland increased to 176.70 Index Points in February of 2014 from 174.50 Index Points in January of 2014. Harmonised Consumer Prices in Iceland is reported by the Eurostat.
Iceland House Price Index at 273.70 Index Points  
Housing Index in Iceland increased to 273.70 Index Points in March of 2014 from 272 Index Points in February of 2014. Housing Index in Iceland is reported by the Statistics Iceland.
Iceland Import Prices at 250.04 Index Points  
Import Prices in Iceland decreased to 250.04 Index Points in 2013 from 252.65 Index Points in 2012. Import Prices in Iceland is reported by the Icelandic Ministry of Finance.
Iceland Job Vacancies at 223.00  
Job Vacancies in Iceland increased to 223 in February of 2014 from 150 in January of 2014. Job Vacancies in Iceland is reported by the Directorate of Labour, Iceland.
Iceland Producer Prices at 195.30 Index Points  
Producer Prices in Iceland decreased to 195.30 Index Points in February of 2014 from 195.50 Index Points in January of 2014. Producer Prices in Iceland is reported by the Statistics Iceland.
Iceland Unemployed Persons at 7213.00  
The number of unemployed persons in Iceland increased to 7213 in February of 2014 from 7190 in January of 2014. Unemployed Persons in Iceland is reported by the Directorate of Labour, Iceland.
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