“We will not waver from this target”
✨ AI Summary
Iceland's Prime Minister Kristrún Frostadóttir has stood by her budget bill despite complaints about individual revenue and spending items. She acknowledged the frustration but argued that nobody gains from the state running a deficit. The country currently pays ISK 150 billion a year in interest, about a tenth of government expenditure, and she insisted the fiscal target will not move.
Prime Minister Kristrún Frostadóttir says she realizes that some people are unhappy with individual revenue and expenditure items in the budget bill, but that no one benefits from the country continuing to run a deficit and paying ISK 150 billion in interest annually, equivalent to around 10% of government expenditure.