Iceland recorded a government budget deficit of 48.30 ISK Billion in the second quarter of 2026. Government Budget Value in Iceland averaged -12.75 ISK Billion from 2002 until 2026, reaching an all time high of 361.40 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 592.10 565.60 ISK Billion Jun 2026
Government Budget Value -48.30 -16.60 ISK Billion Jun 2026
Government Revenues 543.80 548.90 ISK Billion Jun 2026
Government Spending 231545.00 226143.00 ISK Million Jun 2026
Government Spending to GDP 45.70 47.10 percent of GDP Dec 2025


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
-48.30 -16.60 361.40 -230.70 2002 - 2026 ISK Billion Quarterly
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