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The Budget Proposal 2002

The Budget Proposal 2002. October 1, 2001. Budget proposal highlights. Changed circumstances in the economy - Treasury finances still sound. Treasury expenditure decreases in real terms. Further privatisation allows for a continuing reduction in debt. Room for tax cuts. Treasury finances.

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The Budget Proposal 2002

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  1. The Budget Proposal 2002 October 1, 2001

  2. Budget proposal highlights • Changed circumstances in the economy - Treasury finances still sound • Treasury expenditure decreases in real terms • Further privatisation allows for a continuing reduction in debt • Room for tax cuts

  3. Treasury finances The Treasury surplus is estimated at 18.6billion krónur in 2002, or 2½% of GDP

  4. Treasury finances

  5. Net financial balance • The Treasury´s net financial balance in the year 2002 is estimated at just over 41 billion krónur. • The cumulative net financial balance from 1998-2002 is about 100 billion krónur. • The Treasury´s interest saving is at least 5 billion krónur per year.

  6. Net financial balance

  7. Net borrowing

  8. Government debt

  9. Treasury expenditure

  10. Main expenditure changes in real terms

  11. Tax revenue of the Treasury

  12. Main revenue changes in real terms

  13. GDP growth

  14. Current account balance

  15. Inflation (Changes within the year) %

  16. Disposable income purchasing power

  17. Unemployment

  18. The budget proposal and related material can be obtained from the budget web www.fjarlog.is

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