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:

    “The primary function of myth is to validate an existing social order. Myth enshrines conservative social values, raising tradition on a pedestal. It expresses and confirms, rather than explains or questions, the sources of cultural attitudes and values.... Because myth anchors the present in the past it is a sociological charter for a future society which is an exact replica of the present one.”
    —Ann Oakley (b. 1944)