Iceland nears total balance

Iceland‘s budget will next year come close to balance, as is stated in the Fiscal Budget Proposal for 2013. The proposal assumes a small total balance deficit which amounts to ISK 2,8 bn, or 0,1% of the GDP in 2013. In 2014 the total balance will be positive by ISK 17,8 bn or 0,9% of GDP, according to a revised fiscal consolidation plan.

About the fiscal budget proposal for 2013 and the fiscal consolidation plan 2013-2016