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:

    “If the accumulated wealth of the past generations is thus tainted,—no matter how much of it is offered to us,—we must begin to consider if it were not the nobler part to renounce it, and to put ourselves in primary relations with the soil and nature, and abstaining from whatever is dishonest and unclean, to take each of us bravely his part, with his own hands, in the manual labor of the world.”
    —Ralph Waldo Emerson (1803–1882)