May 24. 2023 /
Republic of Iceland Eurobond buyback
The Republic of Iceland (the "Offeror") announces today the results of its invitation to holders of its €500,000,000 0.100 per cent. Notes due 20 June 2024 (ISIN: XS2015295814) (of which €500,000,000 ...
May 13. 2023 /
S&P Global Ratings Revises Iceland‘s Outlook to Positive; Affirms at 'A/A-1'
S&P Global Ratings has revised the rating outlook to for Iceland to positive from stable and affirmed Iceland‘s sovereign ratings at A/A-1. According to S&P, strong ongoing economic recovery f...
April 28. 2023 /
Updated Sovereign Sustainable Financing Framework and an Annex on Financing for Gender Equality
The Ministry of Finance and Economic Affairs has issued an updated Sovereign Sustainable Financing Framework, but the original framework was issued in September 2021. The update consists of minor adju...
March 29. 2023 /
Medium-term Fiscal Strategy Plan 2024-2028: to counter inflation, safeguard living standards and support growth
The government's fiscal strategy plan for the next five years lays out its strategy to utilise fiscal policy in a targeted manner to counter inflation and overheating by increasing expenditure restrai...
December 30. 2022 /
Medium-Term Debt Management Strategy 2023-2027
The Ministry of Finance and Economic Affairs has published Medium-Term Debt Management Strategy for the period 2023-2027. The MTDMS is presented on the basis of the fiscal plan, in accordance with Art...
November 10. 2022 /
Financing for Gender Equality
Today the Minister of Finance and Economic Affairs met with Ms. Sima Bahous, Executive Director of UN Women, who is in Iceland for the Reykjavík Global Forum – Women Leaders. The Minister and the Exec...
October 20. 2022 /
Report to Althingi on the HF-Fund’s position and the next steps
The Ministry of Finance and Economic Affairs has issued a report on the status of the HF-Fund. The report sets out scenarios for possible evolution of the fund over the coming decades, given assumed c...
September 16. 2022 /
Fitch Affirms Iceland at ‘A’; Outlook Stable
Fitch Ratings has affirmed Iceland’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A’ with a Stable Outlook. Iceland's 'A' rating is driven by its very high income per capita and very str...
September 15. 2022 /
Multi-country Consortium Comes Together to Launch Pan-European Payments Pilot for EU Digital ID Wallet
A new multi-country consortium of Europe’s most trusted identity experts has today announced its proposal to deliver a large-scale, cross-border payments pilot strongly aligned with the aims of ...
September 12. 2022 /
2023 fiscal budget proposal: protecting purchasing power and combating inflation
Safeguarding a strong position and taking targeted but sensible steps forwards – these are the main tasks for the coming term. This is the main theme of the fiscal budget proposal for 2023, pre...
August 04. 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...
May 31. 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 ...
May 13. 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 ...
March 29. 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...
March 18. 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...
November 30. 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...
November 30. 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...
September 24. 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...
September 24. 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 ...
June 29. 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...