2008.12.1506:58:00UTC+00Iceland's Central Govt. Deficit At 1.1% Of GDP In Q3

Monday, a report by Statistics Iceland said the central government deficit stood at 1.1% of GDP in the third quarter, compared to a government surplus of 1.3% last year.

In the first nine months of the year, the financial balance of the central government was in a deficit of 0.2% of GDP compared to a surplus of 4% of GDP in the same period last year.

The financial balance of the central government and the social security funds was in a deficit by ISK 11 billion in the third quarter compared to a surplus of ISK 16 billion in the same period last year.

Meanwhile, the finance of the local governments was in a deficit by ISK 3.9 billion in the third quarter.

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