What is the federal government's "primary budget deficit"?

Question

Quizplus · Accepted Answer

The federal government's primary budget deficit is the overall budget deficit, but excluding debt-service payments. This means it is the deficit that results from the government's regular spending and revenue activities, not including the interest payments on the public debt. By excluding these payments, the primary budget deficit is a better indicator of the government's ongoing fiscal health and its ability to fund its regular activities without relying solely on borrowing.

What Is the Federal Government's "Primary Budget Deficit