Iceland recorded a government budget deficit of 14.80 ISK Billion in the third quarter of 2025. Government Budget Value in Iceland averaged -11.33 ISK Billion from 2002 until 2025, reaching an all time high of 361.50 ISK Billion in the first quarter of 2016 and a record low of -230.70 ISK Billion in the fourth quarter of 2008. source: Statistics Iceland



Related Last Previous Unit Reference
Fiscal Expenditure 544.30 556.60 ISK Billion Sep 2025
Government Budget Value -14.80 -22.60 ISK Billion Sep 2025
Government Revenues 529.50 534.00 ISK Billion Sep 2025
Government Spending 228450.00 230526.00 ISK Million Sep 2025
Government Spending to GDP 46.70 45.20 percent of GDP Dec 2024


Iceland Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.
Actual Previous Highest Lowest Dates Unit Frequency
-14.80 -22.60 361.50 -230.70 2002 - 2025 ISK Billion Quarterly
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