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  • September 11. 2018 Ministry of Finance and Economic Affairs

    National Budget proposal 2019

    Treasury operated at ISK 29bn surplus Reduced levies on wage-earners — personal deduction to increase Child benefits to increase Healthcare in the forefront Increased all...


  • September 10. 2018 Ministry of Education Science and Culture, Ministry of Finance and Economic Affairs, Ministry of Industries and Innovation, Ministry of Transport and Local Government, Prime Minister's Office, Ministry for the Environment and Natural Resources

    Iceland launches new Climate Strategy, boosting efforts to reach Paris goals

    The Icelandic Government today announced a new Climate Strategy, intended to boost efforts in cutting net emissions. The new measures are to help Iceland meet its Paris Agreement targets for 2030 and ...


  • July 27. 2018 Ministry of Finance and Economic Affairs

    Minutes of the meeting of the Financial Stability Council on June 26 2018

    Meeting held at the Ministry of Finance and Economic Affairs In attendance were: Bjarni Benediktsson, Minister of Finance and Economic Affairs, chairman; Már Guðmundsson, Governor of the Central Bank ...


  • July 20. 2018 Ministry of Finance and Economic Affairs

    Moody’s changes Iceland’s outlook to positive from stable and affirms A3 ratings

    Moody’s Investors Service ("Moody’s") has today changed the Government of Iceland's sovereign rating outlook to positive from stable and affirmed Iceland’s A3 long-term issuer rating.  The key d...


  • June 28. 2018 Ministry of Finance and Economic Affairs

    Third meeting of the Financial Stability Council in 2018

    The Financial Stability Council held its third meeting of the year 2018 on Tuesday 26th of June. The meeting discussed that risk in the financial system was still moderate and that the output gap has ...


  • June 08. 2018 Ministry of Finance and Economic Affairs

    Fitch affirms Iceland at A with a stable outlook

    Today, rating agency Fitch Ratings affirmed Iceland’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at A with a stable outlook. According to the rating agency, this rating balances the econom...


  • May 16. 2018 Ministry of Finance and Economic Affairs

    Minutes of the meeting of the Financial Stability Council on March 20 2018

    Meeting held at the Ministry of Finance and Economic Affairs In attendance were: Bjarni Benediktsson, Minister of Finance and Economic Affairs, chairman; Már Guðmundsson, Governor of the Central Bank ...


  • April 27. 2018 Ministry of Finance and Economic Affairs

    Progress of the Plan for Removal of Capital Controls

    The Minister of Finance and Economic Affairs today published a report on the progress of plans to remove restrictions on cross-border capital movements and foreign currency trading. The minister shal...


  • April 13. 2018 Ministry of Finance and Economic Affairs

    Second meeting of the Financial Stability Council in 2018

    The second meeting of the Financial Stability Council was held on Tuesday March 20 with a continuation on April 13. The meeting discussed the risk in the financial system which is still considered m...


  • April 04. 2018 Ministry of Finance and Economic Affairs

    Fiscal plan 2019-2023 Improved social infrastructure, lower taxes and and better public services

    The first Fiscal Strategy Plan of the coalition Government formed by the Left-Green Movement, the Independence Party, and the Progressive Party, reflects the Government’s commitment to ensure that soc...


  • February 23. 2018 Ministry of Finance and Economic Affairs

    Treasury sells 13% stake in Arion Bank to Kaupskil

    The Minister of Finance and Economic Affairs has, upon consultation with the Government and the Ministerial Committee on Economic Affairs and Financial System Restructuring, agreed to Icelandic State ...


  • February 19. 2018 Ministry of Finance and Economic Affairs

    Minutes of the meeting of the Financial Stability Council on January 18 2018

    Meeting held at the Ministry of Finance and Economic Affairs In attendance were: Bjarni Benediktsson, Minister of Finance and Economic Affairs, chairman; Már Guðmundsson, Governor of the Central Bank ...


  • February 07. 2018 Ministry of Finance and Economic Affairs

    Bill of legislation amending the Act on Financial Undertakings in response to ESA comments

    The EFTA Surveillance Authority (ESA) published a press release today regarding its reasoned opinion that the Icelandic authorities have not adequately incorporated three provisions of Council Direct...


  • January 19. 2018 Ministry of Finance and Economic Affairs

    First meeting of the Financial Stability Council in 2018

    The first meeting of the Financial Stability Council in 2018 was held on Thursday 18 January at the Ministry of Finance and Economic Affairs. On the whole, risks in the financial system are relativel...


  • January 16. 2018 Ministry for Foreign Affairs, Ministry of Finance and Economic Affairs

    Signing of a Tax Convention between Iceland and Japan

    A Convention between Iceland and Japan for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance (hereinafter, the Convention) was signed i...


  • January 08. 2018 Ministry of Finance and Economic Affairs

    Treasury reduces pension liabilities by ISK 19 bn

    The Ministry of Finance and Economic Affairs confirmed today that an agreement had been reached with the Pension Fund for State Employees (LSR) concerning a transfer of ISK 19 bn in assets that were p...


  • December 22. 2017 Ministry of Finance and Economic Affairs

    S&P affirms its sovereign credit ratings on the Republic of Iceland with a stable outlook

    Today S&P Global Ratings affirms its long- and short-term foreign and local currency sovereign credit ratings on the Republic of Iceland at 'A/A-1'. The outlook is stable and balances the potentia...


  • December 14. 2017 Ministry of Finance and Economic Affairs

    2018 - Fiscal Budget Information

    2018 National Budget Proposal - Press Release


  • December 14. 2017 Ministry of Finance and Economic Affairs

    National Budget proposal for 2018

    ISK 35 bn surplus on Treasury operations Treasury debt reduced by ISK 50 bn Significantly increased allocations to healthcare, education, environment, and transport The National Budget p...


  • December 14. 2017 Ministry of Finance and Economic Affairs

    Fiscal Policy Statement for the years 2018–2022

    The principal objective of the Fiscal Policy Statement is that a sizeable surplus will be maintained on public sector operations as a whole, i.e. including public corporations, over the period, or aro...

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