Question

To find primary deficit which is subtracted from fiscal deficit

Answer 1

Answer:

Definition of 'Primary Deficit' Definition: Gross Primary Deficit is Gross Fiscal Deficit less interest payments. Net Primary Deficit is Net Fiscal Deficit minus net interest payments. Net interest payment is interest paid minus interest receipt.

Answer 2

Answer:

The deficit can be measured with or without including the interest payments on the debt as expenditures. The primary deficit is defined as the difference between current government spending on goods and services and total current revenue from all types of taxes net of transfer payments.