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

19 Besides the expenses of road-making, parishes and districts have to meet considerable other charges in connexion with telegraphs, harbours ete. In the municipal accounts harbours are, however, not included, because most of them (in towns) have separate budgets, and their own sources of income (harbour dues and goods tax) to cover the expenses incurred. Other items of expenditure, chargeable exclusively to the parishes, are grants for the inspection of fodder stores, for the exter- mination of foxes, for cattle shows etc. Special expenses for the towns are the fire service and the police. Administrative expenses absorb 7 per cent. in the towns and 6 per cent. in the parishes, or on an average somewhat less than 7 ver cent. of the total current receipts. The interest payable on the local debt is in reality greater than shown in the above summary, for in many cases the interest on, and ‘he reduction of, loans. raised for special purposes, as the building of schools and the construction of roads, are included in the expenses of these undertakings. Besides the current receipts the municipal and parish funds had, in 1926, an extraordinary income of 1. million krénur, derived from loans and sale of properties. Of this sum 0.7 million krénur were de- voted to the payment of debts, 0s million krénur representing in- creased property and cash in hand. ASSETS AND LIABILITIES In 1926 the balance sheets of the municipalities and parishes showed assets (including those of various harbours) to an amount of 241 million krénur, as follows: cash in hand and money: at interest O.s million krénur; securities 0.3 million krénur; funds for special pur- poses 0.5 millions; real estate 19.7 millions; .loans advanced and un- paid dues and taxes 2.1 million krénur; various other assets 0. mil- lions. As against this the liabilities were 10.2 million krénur, so that the net wealth of municipalities and parishes amounted to 143 millions. The local debt of Iceland has increased greatly during the last two decades or so. In 1895 the liabilities were but 45 thousand krénur; about 1900 they were still minimal, whereas by 1910 they had risen to Lo million krénur. The local debt in 1926 was distributed as follows:

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