Fjársýslan (the Government Financial Management Authority) is a service and knowledge organisation specialising in public finance. Its role is to create value for its customers and support better public services through efficient financial management and administration.
Fjársýslan provides a wide range of services and expert advice to government entities in the areas of finance, procurement and human resources, including:
accounting
financial reporting
receivables management and payment processing
payroll services
human resources advice and support
public procurement
Fjársýslan operates and continuously develops the central financial and human resource management systems used by the Icelandic Government. The organisation focuses on automation, process simplification, and the effective use and presentation of data.
Learn more about Fjársýslan's role
The Authority is responsible for central accounting and financial management services for central government. These include:
accounting and financial reporting
payment and collection services
reconciliations
advice on accounting and financial management.
The Authority also prepares the central government financial statements and annual financial statements for government entities in the A1 sector. It provides other government entities with financial reporting services under service agreements.
The Authority operates and develops central finance and human resources systems for government.
Orri is a key finance and HR system supporting ministries and government institutions in accounting, payroll and human resources management. The Authority operates the system and provides services to the institutions that use it.
Centralised systems help ensure consistent and reliable data across government institutions.
The Authority provides payroll services to government institutions and ministries.
These include:
payroll processing
management of the central government payroll and HR system
maintenance of salary rates and salary tables in accordance with applicable collective agreements
payment and reporting of payroll-related taxes and charges.
The aim is to ensure that employees receive the correct pay on time.
The Authority provides government entities with advice and guidance on human resources, including:
recruitment and organisational matters
working hours
sick leave entitlements
professional development
annual leave and other types of leave
termination of employment.
The Authority also operates Mannauðstorg ríkisins, the Government HR Portal, where government entities can find information and guidance on HR and payroll matters.
The Authority has a central role in public procurement.
It:
manages tenders and centralised contracts
advises government entities on the preparation and implementation of procurement
supports the efficient use of public funds.
Government entities in the A1 and A2 sectors must conduct procurement subject to tendering requirements through the Authority in accordance with the applicable rules on central government procurement.
Fjársýsluskólinn provides training and supports the professional development of government employees.
Its purpose is to strengthen knowledge and professional expertise and promote consistent working practices across government institutions.
The Authority supports innovation in the public sector by providing advice, training and a platform for developing new and improved approaches.
The aim is to develop solutions and methods that create greater value in public services and operations.
Our priorities
The Authority focuses on:
clear and transparent processes
reliable and efficient core services
digital solutions
value-adding advice
continuous improvement.
The Authority also works to improve access to information, provide more consistent services and increase the availability of training, guidance and digital solutions for government entities.
