Hoppa yfir valmynd
Ministry of Finance and Economic Affairs

Iceland nears total balance

Iceland‘s budget will next year come close to balance, as is stated in the Fiscal Budget Proposal for 2013. The proposal assumes a small total balance deficit which amounts to ISK 2,8 bn, or 0,1% of the GDP in 2013. In 2014 the total balance will be positive by ISK 17,8 bn or 0,9% of GDP, according to a revised fiscal consolidation plan.

About the fiscal budget proposal for 2013 and the fiscal consolidation plan 2013-2016


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