Figures for Treasury finances in the first ten months of the year 2001 are now available. The cash deficit from operations amounted to 1.2 billion kronur in the first ten months of the year, compared to a surplus of 10.4 billion kronur a year ago.
Further reading
The 2002 budget proposal projects a revenue surplus of 18.6 billion krónur, equivalent to 2½ per cent of GDP. The net financial surplus is still larger, 41 billion krónur.
Further reading
There are strong and increasing Italian influences in Iceland, clearly visible for example in the number of Italian restaurants that have opened all over the country in the recent years.
Further reading
The first thing to notice with respect to the Icelandic economy is its size. Or rather the lack thereof. It is one of the smallest economies in the world in absolute terms, its GDP this year estimated at 7,1 billion US dollars.
Further reading
The essence of sustainable development is to improve the current state of our environment, in the broad sense of the word, and deliver to future generations a better world than the one we inherited through both economic and social progress.
Further reading
The 2002 budget proposal projects a revenue surplus of 18.6 billion krónur, equivalent to 2½ per cent of GDP. The net financial surplus is still larger, 41 billion krónur.