1. 2 0 0 22 0 0 2 The Budget Proposal 2002 October 1, 2001

2. 2 0 0 22 0 0 2 Changed circumstances in the economy - Treasury finances still sound Room for tax cuts Budget proposal highlights Further privatisation allows for a continuing reduction in debt Treasury expenditure decreases in real terms

3. 2 0 0 22 0 0 2 The Treasury surplus is estimated at 18.6 billion krónur in 2002, or 2 ½ % of GDP Treasury finances

4. 2 0 0 22 0 0 2

5. 2 0 0 22 0 0 2 The Treasury´s net financial balance in the year 2002 is estimated at just over 41 billion krónur. The cumulative net financial balance from 1998-2002 is about 100 billion krónur. The Treasury´s interest saving is at least 5 billion krónur per year. Net financial balance

6. 2 0 0 22 0 0 2

7. 2 0 0 22 0 0 2 Net borrowing

8. 2 0 0 22 0 0 2 Government debt

9. 2 0 0 22 0 0 2 Treasury expenditure

10. 2 0 0 22 0 0 2 Main expenditure changes in real terms

11. 2 0 0 22 0 0 2 Tax revenue of the Treasury

12. 2 0 0 22 0 0 2 Main revenue changes in real terms

13. 2 0 0 22 0 0 2 GDP growth

14. 2 0 0 22 0 0 2 Current account balance

15. 2 0 0 22 0 0 2 Inflation (Changes within the year) %

16. 2 0 0 22 0 0 2 Disposable income purchasing power

17. 2 0 0 22 0 0 2 Unemployment

18. 2 0 0 22 0 0 2 The budget proposal and related material can be obtained from the budget web www.fjarlog.is