In 2026, the Icelandic government has granted a total of 605 million ISK to seven political parties, reflecting their performance in the previous parliamentary elections. The allocation is primarily based on the parties' ability to either secure a seat in parliament or achieve at least 2.5% of the votes in the last elections. The ruling party coalition combined has received around 322 million ISK, highlighting the significant financial support enjoyed by established parties. Samfylkingin is set to receive the largest share of the funds, amounting to 130 million ISK, while Sósíalistaflokkurinn, despite having one of the lower voter percentages of 4% from November 2024 elections, qualifies for state funding due to having obtained votes, even though it does not have parliamentary representation. The Sósíalistaflokkurinn and Píratar are the notable mention for their respective shares of the funds, with the former securing 22 million ISK despite having no seats in parliament. This allocation underscores how public funding is utilized to support parties in Iceland's democratic process, ensuring that even those who are not currently represented can access resources to promote their platforms. The mechanism aims to enhance political diversity but raises questions about the effectiveness and equity of funding for parties with limited electoral success, such as the Sósíalistaflokkurinn and Píratar, who collectively received a smaller share despite their electoral performances. Overall, this funding reflects Iceland's commitment to maintain a varied political landscape, although debates on the allocation fairness ruminate as the political dynamics evolve.