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:
“It was the feeling of a passenger on an ocean steamer whose mind will not give him rest until he has been in the engine-room and talked with the engineer. She wanted to see with her own eyes the action of primary forces; to touch with her own eyes the action of primary forces; to touch with her own hand the massive machinery of society; to measure with her own mind the capacity of the motive power. She was bent upon getting to the heart of the great American mystery of democracy and government.”
—Henry Brooks Adams (1838–1918)