The First cabinet of Steingrímur Hermannsson in Iceland was formed 26 May 1983.[1]
Albert Sigurður Guðmundsson replaced Sverrir Hermannsson as Minister of Industry. Matthías Bjarnason replaced Matthías Árni Mathiesen as Minister of Commerce. Ragnhildur Helgadóttir replaced Matthías Bjarnason as Minister of Health and Social Security. Sverrir Hermannsson replaced Ragnhildur Helgadóttir as Minister of Education, Science and Culture. Þorsteinn Pálsson replaced Albert Sigurður Guðmundsson as Minister of Finance and Matthías Árni Mathiesen as Minister of Statistics Iceland.
Matthías Árni Mathiesen replaced Geir Hallgrímsson as Minister for Foreign Affairs.
Þorsteinn Pálsson replaced Albert Sigurður Guðmundsson as Minister of Industry.