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:

    “A fact is a proposition of which the verification by an appeal to the primary sources of our knowledge or to experience is direct and simple. A theory, on the other hand, if true, has all the characteristics of a fact except that its verification is possible only by indirect, remote, and difficult means.”
    —Chauncey Wright (1830–1875)