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:

    “Wilful sterility is, from the standpoint of the nation, from the standpoint of the human race, the one sin for which the penalty is national death, race death; a sin for which there is no atonement.... No man, no woman, can shirk the primary duties of life, whether for love of ease and pleasure, or for any other cause, and retain his or her self-respect.”
    —Theodore Roosevelt (1858–1919)