Key data points
Last release
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Next release
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Time to release
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Forecast
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Observation period
2023
Highest
12.50%Dec 31, 2016
Lowest
−12.10%Dec 31, 2008
About Iceland Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.