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

317 In 1926 and 1927 the government took up loans in Denmark to the amount of 612 million krénur, a sum which was devoted to the pur- chase of bank-bonds to increase the means at the disposal of the Hypothec-Mortgage Department of the Landsbanki. But as the interest on and amortisation of these loans are provided for by the interest on and amortisation of the bonds, these loans, though the State is an- swerable for them, are not included in the National debt accounts. In 1928 the National indebtedness again increased by 2.3 million krénur owing to the treasury’s obligation to furnish the Landsbanki with a capital of 3 million krénur. On December 31st 1928 the National debt amounted to 13.6 millions, or to about 130 krénur per head of the pooulation. II. URBAN AND RURAL DISTRICTS INCOME AND EXPENDITURE For the division of the country for local administrative purposes, see article on adminstration, pag. 35. The municipal funds in the urban districts correspond in rural districts to parish and district funds. In 1926 the current receipts were as follows: Municipal Funds Parish Funds Total 1000 krénur 1000 krénur 1000 krénur Town and Parish Rates (a kind of income tax) . 2531 1640 Other rates . . . . . « +. . . . . . 449 80 Revenue from municipal undertakings and property . . . . . . Other receipts . . . . . Te Total current income 3403 8 From the above summary it will be seen, that the total current re- ceipts of the urban and rural districts amounted to 5.2 million krénur, of which 4.2 millions, or 80 per cent., are derived from the town and parish rates, a direct tax levied on the rate-payers according to their financial position generally. The annual amount of the parish rates fo- gether with the income from other sources must be sufficiently large to cover the estimated expenditure of the parish. In 1885 the total amount of town and parish rates in Iceland was but 185 thousand krénur; in 1895 they had increased to 209 thousand; in 1905, to 319 thousand; in 1915, to 694 thousand; in 1920, to 3292 thousand; while in 1926 they had risen to 4171 thousand krénur. In the urban districts there are. besides the town rates. also other rates of the

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