Guðmundur A'rnason

Guðmundur A'rnason

Permanent Secretary at Ministry

Recent News  

Guðmundur A'rnason, the permanent secretary of its finance ministry, explains why it took almost seven years to come this far, what the next steps are and how the country's budget processes have changed over the years
Guðmundur A'rnason, permanent secretary of Iceland's Ministry of Finance and Economic Affairs, tells Global Government Forum that, when the government imposed the controls, "it was with the expressed intention that they would be lifted within half a year." Getting a full picture So why did it take so long? Because, A'rnason explains, establishing the extent of the crisis took years longer than expected. When the crisis hit, the government set up new banks, as well as separate resolution committees in charge of managing the assets of the failed banks.

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Guðmundur A'rnason, the permanent secretary of its finance ministry, explains why it took almost seven years to come this far, what the next steps are...

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