News
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04 August 2022 /Iceland ranks # 4 in Digital in Europe
Iceland lands 4th place in eGovernment Benchmark 2022 and continues to climb the list, following Malta, Estonia, and Luxemburg. This success results from the Icelandic Government's emphasis on digital...
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31 May 2022 /Government accounts 2021: Strong economic rebound confirms successful application of fiscal policy during the pandemic
The results of the Government accounts for 2021 have now been published and the accounts sent to Parliament. According to the accounts, the outcome was negative by ISK 130 billion, as compared with a ...
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13 May 2022 /S&P Global Ratings Affirms Iceland‘s ratings at ‘A/A-1’; Outlook Remains Stable
International rating agency S&P Global Ratings has affirmed Iceland‘s sovereign ratings at A/A-1 with a stable outlook. Iceland's economy has continued to recover, growing by more than 4% in 2021 ...
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29 March 2022 /Government unveils first fiscal plan: Progress and strong value creation in a progressive society
Icelandic households and businesses are in a strong position, and the public debt outlook has improved substantially. With moderate spending growth and continued advances in growing export sectors, th...
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18 March 2022 /Fitch Revises Iceland's Outlook to Stable; Affirms at ‘A’
Fitch Ratings has affirmed Iceland’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A’ and revised the Rating Outlook to Stable from Negative. The revision of the Outlook to Stable reflec...
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30 November 2021 /Fiscal budget proposal for 2022
The economic situation is better than was assumed in the National Budget for 2021, and the economy is more resilient than previously expected. Unemployment has fallen rapidly and real incomes have ris...
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30 November 2021 /Fiscal policy statement 2022-2026
The Minister of Finance and Economic Affairs will introduce a proposal for a parliamentary resolution on the fiscal policy statement for 2022-2026 before Parliament today. According to the Act on Publ...
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24 September 2021 /Fitch Affirms Iceland at ‘A’; Outlook Negative
Fitch Ratings has affirmed Iceland’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A’ with a Negative Outlook. The 'A' rating is driven by Iceland’s very high income per capita, very stro...
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24 September 2021 /Iceland’s Sovereign Sustainable Financing Framework
The Ministry of Finance and Economic Affairs has issued a Sovereign Sustainable Financing Framework and been awarded a CICERO Dark Green rating by CICERO Shades of Green, a globally recognised second ...
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29 June 2021 /Treasury outcome affected by the pandemic
The results of the Government accounts for 2020 have now been published and the accounts sent to Parliament. According to the accounts, the outcome was negative by ISK 144bn, as compared with a surplu...
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14 May 2021 /Iceland 'A/A-1' Ratings Affirmed; Outlook Stable
S&P Global Ratings has affirmed its 'A/A-1' long- and short-term sovereign credit ratings on Iceland. The outlook is stable. Resilient domestic demand helped limit Iceland's economic contraction i...
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20 April 2021 /COVID-19: Temporary introduction of stricter border measures
The Government of Iceland has announced temporary border measures to counter the domestic spread of COVID-19. These measures aim to create conditions to allow lifting domestic restrictions as much as ...
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19 April 2021 /IMF mission concludes Article IV Consultation with Icelandic Authorities and other stakeholders
The International Monetary Fund published its Concluding Statement today, after meeting with the Icelandic Authorities and other stakeholders over the past three weeks. The meetings were part of the ...
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26 March 2021 /Fitch Affirms Iceland at 'A'; Outlook Negative
Fitch Ratings has affirmed Iceland’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘A’ with a Negative Outlook. The 'A' rating is driven by Iceland’s very high income per capita, s...
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22 March 2021 /Fiscal plan 2022-2026: The right measures delivered progress and a positive outlook
The Government’s measures in response to the global COVID-19 pandemic have been highly successful, and the medium-term outlook is more favourable than was assumed last year. Households’ disposable inc...
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28 January 2021 /Treasury issues eurobond with 0% coupon
Today the Republic of Iceland issued a bond in the amount of 750 million euros, the equivalent of ISK 117bn. The bond bears fixed 0% interest and is issued for seven years at a yield of 0,117%. Inves...
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21 January 2021 /Nordic-Baltic countries engage the IMF to conduct an analysis of cross-border money laundering and terrorist financing risks in the region
In the context of a voluntary effort, the Nordic-Baltic countries have asked the IMF to analyse most pertinent ML/TF threats and vulnerabilities in the region given the interconnectedness of the finan...
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30 December 2020 /Medium-Term Debt Management Strategy 2021-2025
The Ministry of Finance and Economic Affairs has published its updated Medium-Term Debt Management Strategy (MTDS) for 2021-2025. The strategy is based on the fiscal plan and sets forth targets and cr...
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08 December 2020 /Nordic Economic Outlook 2020
The Nordic Economic Outlook 2020, an annual report on the economic development in the Nordic Countries in terms of growth, business cycles and public finance has been published by the Nordic Coun...
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20 November 2020 /Resilience: strengthening Iceland’s foothold – Resilience subsidies and support for job-seekers, old-age pensioners, families with children, and vulnerable groups
The Government has decided to pay a special supplement over and above basic unemployment benefits next year, so as to support the large group of people whose income-linked unemployment benefits will e...