Primary Deficit

In commerce, a primary deficit is the deficit which is derived after deducting the interest payments component from the total deficit of any budget.

In other words, the total of primary deficit and interest payments makes up the total or fiscal deficit. The opposite of a primary deficit is a primary surplus.

Famous quotes containing the word primary:

    “Without the Constitution and the Union, we could not have attained the result; but even these, are not the primary cause of our great prosperity. There is something back of these, entwining itself more closely about the human heart. That something, is the principle of “Liberty to all”Mthe principle that clears the path for all—gives hope to all—and, by consequence, enterprize [sic], and industry to all.”
    —Abraham Lincoln (1809–1865)