Stock Market / Finance in Iceland
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ICELAND, 2013/08/11
The IMF warned Iceland on Wednesday that it was likely to overshoot its spending targets and that the measures it implemented to overcome its banking crisis were affecting increase.
"On current trends, the 2013 budget deficit target will be missed owing to slower than projected increase, spending overruns, and lower-than-budgeted dividend payments and investment sales," said the Fund next its regular annual review of the country.
Next the arrival of a centre-right government to power in May the Fund has expressed some skepticism of its priorities.
