Iceland’s new government’s economic policy

The government intends to reduce national debt with the long-term goal that Iceland will be free of public debt within ten years. This will be achieved by restraining public expenditure, better use of common public procurement, increased productivity in the public sector and privatization. The government intends to sell properties that came under Treasury ownership following the 2008 banking collapse, most notably Iceland’s three failed banks. The government will establish a “stability fund” to manage proceeds from Iceland’s energy resources managed by the Treasury, “ensuring that future generations have a share in the profits from common resources, and which may act countercyclical for the economy.” (



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