ICELAND GOVERNMENT NET LENDING AND BORROWING


THE GOVERNMENT NET LENDING AND BORROWING IN ICELAND WAS REPORTED AT -186.01 BILLIONS ICELANDIC KRONA IN 2009, ACCORDING TO THE INTERNATIONAL MONETARY FUND (IMF). NET LENDING (+)/ BORROWING (-) IS CALCULATED AS REVENUE MINUS TOTAL EXPENDITURE. THIS IS A CORE GFS BALANCE THAT MEASURES THE EXTENT TO WHICH GENERAL GOVERNMENT IS EITHER PUTTING FINANCIAL RESOURCES AT THE DISPOSAL OF OTHER SECTORS IN THE ECONOMY AND NONRESIDENTS (NET LENDING); OR UTILIZING THE FINANCIAL RESOURCES GENERATED BY OTHER SECTORS AND NONRESIDENTS (NET BORROWING). THIS BALANCE MAY BE VIEWED AS AN INDICATOR OF THE FINANCIAL IMPACT OF GENERAL GOVERNMENT ACTIVITY ON THE REST OF THE ECONOMY AND NONRESIDENTS (GFSM 2001; PARAGRAPH 4.17). NOTE: NET LENDING (+)/BORROWING (?) IS ALSO EQUAL TO NET ACQUISITION OF FINANCIAL ASSETS MINUS NET INCURRENCE OF LIABILITIES. IN 2009, ICELAND'S ECONOMY SHARE OF WORLD TOTAL GDP, ADJUSTED BY PURCHASING POWER PARITY, WAS 0.02 PERCENT. IN 2015, ICELAND'S SHARE OF WORLD TOTAL GDP IS FORECASTED TO BE 0.02 PERCENT. THIS PAGE INCLUDES A CHART, HISTORICAL DATA AND FORECAST FOR ICELAND'S GOVERNMENT NET LENDING AND BORROWING.



 iceland government net lending and borrowing imf data




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IMF Data Specifications


CountryIceland
Subject DescriptorGeneral government net lending/borrowing
Subject NotesNet lending (+)/ borrowing (?) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending); or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001; paragraph 4.17). Note: Net lending (+)/borrowing (?) is also equal to net acquisition of financial assets minus net incurrence of liabilities.
UnitsIcelandic Krona
ScaleBillions
Country/Series-specific Notes 
Estimates Start After 
TitleIceland Government Net Lending and Borrowing
KeywordsIceland Government Net Lending and Borrowing, Iceland Government Net Lending and Borrowing data,Iceland Government Net Lending and Borrowing chart,Iceland Government Net Lending and Borrowing historical data,Iceland Government Net Lending and Borrowing graph,Iceland Government Net Lending and Borrowing forecast.