Name: Iceland Government Budget Value
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Iceland,Government Budget Value,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Iceland recorded a government budget deficit of 20.70 ISK Billion in the first quarter of 2022. source: Statistics Iceland

Government Budget Value in Iceland averaged -10.06 ISK Billion from 2004 until 2022, reaching an all time high of 373.20 ISK Billion in the first quarter of 2016 and a record low of -206.30 ISK Billion in the fourth quarter of 2008. This page provides - Iceland Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland Government Budget Value - values, historical data and charts - was last updated on June of 2022.

Government Budget Value in Iceland is expected to be 9.17 ISK Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland Government Budget Value is projected to trend around 9.17 ISK Billion in 2023, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Government Budget Value	-20.70	-89.50	ISK Billion	Mar 2022
Government Spending	162977.00	165661.00	ISK Million	Mar 2022
Government Spending to GDP	49.70	43.40	percent of GDP	Dec 2020
Government Revenues	370.40	345.40	ISK Billion	Mar 2022
Fiscal Expenditure	391.20	434.90	ISK Billion	Mar 2022

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.