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==Executive branch== [[File:Iceland-Reykjavik-Stjornarrad-1.jpg|thumb|[[Cabinet of Iceland]], seat of executive branch]] {{office-table}} |[[President of Iceland|President]] |[[Halla T贸masd贸ttir]] |[[Independent (politician)|Independent]] |1 August 2024 |- |[[Prime Minister of Iceland|Prime Minister]] |[[Kristr煤n Frostad贸ttir]] |[[Social Democratic Alliance]] |21 December 2024 |} Elected to a four-year term, the [[President of Iceland|President]] has limited powers and is poised in a largely ceremonial office that serves as a diplomat and figurehead. On 1 August 2024, [[Halla T贸masd贸ttir]] was elected as the current President. The prime minister and cabinet exercise most executive functions. The [[head of government]] is the [[prime minister]], who, together with the cabinet, takes care of the [[executive (government)|executive]] part of [[government]]. The cabinet is appointed by the president after general elections to [[Althing]]; however, this process is usually conducted by the leaders of the political parties, who decide among themselves after discussions which parties can form the cabinet and how its seats are to be distributed (under the condition that it has majority support in Althing). Only when the party leaders are unable to reach a conclusion by themselves in reasonable time does the president exercise this power and appoint the cabinet themselves. This has never happened since the republic was founded in 1944, but in 1942 the regent of the country ([[Sveinn Bj枚rnsson]], who had been installed in that position by the Althing in 1941) appointed a non-parliamentary government. The regent had, for all practical purposes, the position of a president, and Sveinn in fact became the country's first president in 1944. The governments of Iceland have almost always been coalitions with two or more parties involved because no single political party has received a majority of seats in the Althing during Iceland's republican period. The extent of the political powers possessed by the office of the president is disputed by legal scholars in Iceland; several provisions of the constitution appear to give the president some important powers but other provisions and traditions suggest differently. The president is elected every four years (last 2024), the cabinet is elected every four years (last 2021) and town council elections are held every four years (last 2022).
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