Iceland Total Government Net Lending/ Borrowing (National Currency) Statistics

15, Nov 2019, EST.

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Country or Region: Iceland › Change country
Economic Indicator: Total Government Net Lending/ Borrowing (National Currency) › See all Iceland indicators, › See Total Government Net Lending/ Borrowing (National Currency) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Icelandic Kr
Currency Symbol: ISK

Net lending (+)/ borrowing (?) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (?) is also equal to net acquisition of financial assets minus net incurrence of liabilities. Source: National Statistics Office Latest actual data: 2014 Start/end months of reporting year: January/December GFS Manual used: Government Finance Statistics Manual (GFSM) 2001 Basis of recording: Accrual General government includes: Central Government;Local Government;Social Security Funds; Valuation of public debt: Face value Primary domestic currency: Icelandic kr

Total Government Net Lending/ Borrowing (National Currency) Statistics for Iceland , Year 2015 - In Detail

Total Government Net Lending/ Borrowing (National Currency) for Iceland is ISK 16.194 Billions. Net lending (+)/ borrowing (?) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (?) is also equal to net acquisition of financial assets minus net incurrence of liabilities.

In the previous year, 2014, Total Government Net Lending/ Borrowing (National Currency) for Iceland was ISK -1.22 Billions Total Government Net Lending/ Borrowing (National Currency) for Iceland in 2015 was or will be 1.00% less than it was or will be in 2014.

In the following or forecasted year, 2016, Total Government Net Lending/ Borrowing (National Currency) for Iceland was or will be ISK 340.06 Billions, which is 1.00% more than the 2015 figure.

* Source: IMF
Total Government Net Lending/ Borrowing (National Currency) for Iceland, in other Years
Year Billions
  2021 -31.013
  2020 -23.363
  2019 -7.037
  2018 12.244
  2017 -13.575
  2016 340.061
2015 16.194
  2014 -1.217
  2013 -34.799
  2012 -66.462
  2011 -95.038
  2010 -158.163
  2009 -154.229
  2008 -202.358
  2007 67.07
  2006 70.155
  2005 47.079
  2004 -3.133
  2003 -27.122
  2002 -23.586
  2001 -7.728
  2000 8.659
  1999 5.305
  1998 -4.07
  1997 -0.424
  1996 -8.032
  1995 -13.684
  1994 -20.916
  1993 -18.704
  1992 -8.062
  1991 -3.168
  1990 -12.331
  1989 -14.226
  1988 -5.365
  1987 -1.896
  1986 -6.617
  1985 -2.066
  1984 1.954
  1983 -1.424
  1982 0.645
  1981 0.31
  1980 0.208