Iceland : Staff Report for the 2012 Article IV Consultation and First Post- Program Monitoring Discussion

Author/Editor:

International Monetary Fund

Publication Date:

April 12, 2012

Electronic Access:

Free Full text (PDF file size is 1725 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The 2012 Article IV Consultation reports that Iceland’s fiscal consolidation is continuing, but at a slower pace. Moderate expenditure overruns materialized in 2011, which will partly spill over to 2012 and the medium term. A key priority is to put the medium-term fiscal path back on track, which can be achieved with additional fiscal measures of ½ percent of GDP. Lifting the capital controls remains an overarching policy challenge, given the significant locked-in funds.

Series:

Country Report No. 12/89

Subject:

English

Publication Date:

April 12, 2012

ISBN/ISSN:

9781475503111/1934-7685

Stock No:

1ISLEA2012002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

69

Please address any questions about this title to publications@imf.org