Iceland 1930

Bibliographic data

Monograph

Identifikator:: 1830571079

URN:: urn:nbn:de:zbw-retromon-221162

Document type:: Monograph

Title:: Iceland 1930

Edition:: 2. ed.

Place of publication:: Reykjavík

Publisher:: Ríkisprentsmiđjan Gutenberg

Year of publication:: 1930

Scope:: 193 S.; Tab., Kt., Taf.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: State and municipal finance

Collection:: Economics Books

Ty Sources of Revenue: 1876 1895 19065 1915 1924 1928 .000 kr. 1000 kr. 1000 kr. 1000 kr 1000 kr. 1000 kr. 113 176 278 2 302 3101 435 781 1776 5745 7 655 29 69 445 1784 2217 888 905 Taxes . . . , Customs . . . . ., . . Post, telegraphs, telephones Monopolies . . . . . . Annual contribution from Denmark . . . . , 60 60 » Other sources . . . . 148 270 429 378 Total 311 734 1234 2829 11 148 14 256 Expenditure: Administration and Althingi Public health . . . . . Post, telegraphs, telephones Other communications , . Church and education ., . Science, literature, and art Industrial affairs . . , . Social affairs . . . . . Pensions and allowances . Interest on, and repayment of, National debt . . Miscellaneous . “27 67 280 aE 23 49 ]N i nr 5Y; 02 3 a 1222 662 2 297 858 I 370 243 667 492 147% 1 805 968 1967 1794 1635 205 1475 1087 185 yr 4 “ag 24 164 i7 42 n ie 21 23 2207 1436 510 342 620 Total 202 543 1110 2704 9503 13 177 Surplus 109 191 124 125 1 645 1079 After Iceland had obtained financial independence, the budget was for a long number of years cautiously prepared, always leaving a little surplus, which gradually accumulated into a handsome Reserve Fund; and as the government never engaged in any public undertakings of an expensive nature, State loans were unknown in Iceland up to 1908. But during the latler part of this period the State has engaged in various important undertakings, and revenue and expenditure have conse- quently increased by leaps and bounds. In 1928 the revenue mounted up to some 14 million krénur, whereas in 1876 it did not much ex- ceed 300 thousand, almost one-third of which was contributed by the Danish treasury. — The price-level has, indeed, risen considerably during this period, and more especially during the Great War and the years next following, though not nearly to the same extent as both revenue and expenditure, which from 1876 to 1928 have increased 46-fold and almost 65-fold respectively, while the price-level has in- creased but three- or four-fold at most,

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