If the government's total budget deficit is $24 billion and its debt-service payments are $20 billion,then its ________ is $4 billion.

Name: If the government's total budget deficit is $24 billion and its debt-service payments are $20 billion,then its ________ is $4 billion.
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Question

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The primary budget deficit is the budget deficit minus the interest paid on government debt (debt-service payments). Therefore, the primary budget deficit in this scenario would be $24 billion - $20 billion = $4 billion.

If the Government's Total Budget Deficit Is $24 Billion and Its