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FAELAN
Føroya Landsstýri- State Accounts 2003   21.6.2004 09:45:10
Flokkur: Færeyskar fréttir      Íslenska  English
The Faroese government has published its annual accounts for 2003

The Faroese government has published its annual accounts for 2003. They showed a profit of 22 mill. DKK as compared to a profit of 191 mill. DKK in 2002. In September 2003 the profit was estimated to be 60 mill. DKK.

 

This difference from the budget to the accounts of 2003 stems from both higher expenses and lower income. The expenses are higher than estimated in September 2003 due to higher extraordinary expenses in the latter months of 2003. One extraordinary expense was due to a ruling going against the government. And following wage-negotiations in October higher expenses than budgeted were needed. The incomes are lower due to lower tax income than expected.

 

Further information: http://www.gjaldstovan.fo/index.asp?isIframe=1&URL=http://212.55.52.121/rs/gl7.cgi?ar=2003


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