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:
“What had begun as a movement to free all black people from racist oppression became a movement with its primary goal the establishment of black male patriarchy.”
—bell hooks (b. c. 1955)
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