Progress
Figure 1. Ratio of debt/income in Municipalities in East Iceland 2002 - 2019.
Figure 2. Dept in thousands of ISK in Fjarðabyggð and Fljótsdalshérað 2002 - 2019 in consumer price level index for 2019 (468,6).
Figure 3. Liabilities in thousands of ISK in Seyðisfjörður, Vopnafjarðarhreppur, Fljótsdalshreppur, Borgarfjarðarhreppur, Breiðdashreppur and Djúpavogshreppur 2002 - 2019 in consumer price level index for 2019.
Updated: November 27, 2020
Source:
- Icelandic Association of Local Authorities retrieved November 27, 2020
- Statistics 2019 (in Icelandic only) retrieved November 27, 2020
- Municipal yearbooks 2002, 2003 and 2004
Metrics, Targets and Monitoring Protocol
What is measured?
Municipal debt level in East Iceland
Monitoring Protocol
Municipalities in East Iceland will make this data available annually.
Target
Not applicable
Possible countermeasures
Not applicable, monitoring only.
Changes of indicator
This indicator was originally number 15.1. It was then named Financial Status of municipalities and can be found under that number in documents of the project from 2005 and 2006.
The indicator number has been changed twice.
Year | Nr. | Indicator name |
---|---|---|
2020 | 3.2.4 | Municipal debt |
2007 | 3.5d | Financial Status of Municipalities |
This indicator was discussed during teamwork session at the initiative's annual meeting 2015. The conclusion was to keep criterions a and b unchanged but add municipal gross margin and municipal debt.
The criterion for part a was originally defined as: "The ratio of total municipal revenue that came from the construction and operation of Fljótsdalsstöð power plant and Fjarðaál smelter". When monitoring started in 2005 the criterion was changed to "Changes of municipal income tax in selected municipalities". The reason was that information was unavailable for the former criterion but the revised one is available in yearbooks of municipalities.
Baseline
Municipalities | Income (thousands of ISK) | Expenses (thousands of ISK) | Income/Expenses ratio |
---|---|---|---|
Austur-Hérað | 894.708 | 910.107 | 0,983 |
Norður-Hérað | 109.820 | 111.838 | 0,982 |
Fellahreppur | 168.986 | 181.159 | 0,933 |
Austurbyggð | 431.413 | 477.795 | 0,903 |
Fáskrúðsfjarðarhreppur | 20.269 | 19.638 | 1,032 |
Fjarðabyggð | 1.407.409 | 1.419.177 | 0,992 |
Fljótsdalshreppur | 38.530 | 39.158 | 0,984 |
Borgarfjarðarhreppur | 61.371 | 58.737 | 1,045 |
Breiðdalshreppur | 107.225 | 128.387 | 0,835 |
Djúpavogshreppur | 209.948 | 228.598 | 0,918 |
Mjóafjarðarhreppur | 10.807 | 11.560 | 0,935 |
Seyðisfjarðarkaupstaður | 404.161 | 424.244 | 0,953 |
Skeggjastaðahreppur | 41.933 | 50.079 | 1,037 |
Sveitarfélagið Hornafjörður | 958.469 | 1.031.925 | 0,929 |
Vopnafjarðarhreppur | 320.146 | 366.972 | 0,872 |
Source: Samband íslenskra sveitarfélaga. Annual report for Municipalities 2003.
Municipalities | Income (thousands of ISK) | Expenses (thousands of ISK) | Income/Expenses ratio |
---|---|---|---|
Fljótsdalshérað | 1.173.514 | 1.203.104 | 0,975 |
Fjarðabyggð | 1.869.898 | 1.928.170 | 0,970 |
Fljótsdalshreppur | 38.530 | 39.158 | 0,984 |
Borgarfjarðarhreppur | 61.371 | 58.737 | 1,045 |
Breiðdalshreppur | 107.225 | 128.387 | 0,835 |
Djúpavogshreppur | 209.948 | 228.598 | 0,918 |
Seyðisfjarðarkaupstaður | 404.161 | 424.244 | 0,953 |
Vopnafjarðarhreppur | 320.146 | 366.972 | 0,872 |
Total | 4.184.793 | 4.377.370 | 0,956 |
Updated: November 20th 2017
Source: Samband íslenskra sveitarfélaga (only in Icelandic).
Rationale for Indicator Selection
The Fjardaal and Karahnjukar projects will likely increase revenues from municipalities through increased income and property taxes from direct and indirect employment in the area. The municipalities' expenditure, however, will also likely increase as the additional employees, their families, and others attracted to the local area require municipal services. The main services which must be discharged by the municipalities according to Icelandic law are:
- Social services
- Technical services
- Education, culture, sports and recreation
- Infrastructure, environment, and planning
- Operation of harbors (where appropriate)
- Water works, district heating systems, and other utilities
From phase I/II report on indicators and baseline from April 2005