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Iceland Announces Fiscal Budget Proposal for 2020

|Proposed Changes|Iceland
Iceland

On 6 September 2019, Iceland's Government published a release on the Fiscal Budget Proposal for 2020. This includes the following:

  • Personal income tax lowered — reduction process expedited
  • Payroll tax lowered
  • Strong public investment
  • Transportation strengthened
  • Research strengthened
  • Support for low-income housing
  • Continued reduction of Treasury debt
  • Incentives for energy exchange

Specific details are limited in the release, although it is included that among the salient features of the pr…

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