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:
“Anyone who has obeyed nature by transmitting a piece of gossip experiences the explosive relief that accompanies the satisfying of a primary need.”
—Primo Levi (1919–1987)