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The City's Performance Falls Short of Expectations
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The City Fund operated with a surplus of 3.3 billion krónur before capital items and depreciation in the first half of the year, compared to a deficit of 47 million when they had been planned. The six-month financial statements of the City of Reykjavík were presented today. The operating surplus was 600 million krónur less than planned in the financial plan. The City of Reykjavík's announcement states that wage increases based on collective agre…
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