Fiscal Expenditure in Iceland increased to 400.40 ISK Billion in the second quarter of 2021 from 374.50 ISK Billion in the first quarter of 2021. source: Statistics Iceland

Fiscal Expenditure in Iceland averaged 220.73 ISK Billion from 2004 until 2021, reaching an all time high of 400.40 ISK Billion in the second quarter of 2021 and a record low of 97.80 ISK Billion in the first quarter of 2004. This page provides - Iceland Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Fiscal Expenditure - values, historical data and charts - was last updated on October of 2021.

Fiscal Expenditure in Iceland is expected to be 271.39 ISK Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Fiscal Expenditure is projected to trend around 271.52 ISK Billion in 2022 and 271.47 ISK Billion in 2023, according to our econometric models.

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Iceland Fiscal Expenditure


Iceland Last Unit Reference Previous Highest Lowest
Government Budget Value -88.20 ISK Billion Jun/21 -58.10 373.20 -206.30
Government Spending 165061.00 ISK Million Jun/21 162125.00 165061.00 43717.00
Government Spending to GDP 49.70 percent of GDP Dec/20 43.40 63.40 34.10
Government Revenues 312.10 ISK Billion Jun/21 316.40 620.20 96.70
Fiscal Expenditure 400.40 ISK Billion Jun/21 374.50 400.40 97.80


Iceland Fiscal Expenditure
Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation.