The primary deficit is
A)government spending minus interest on the debt.
B)government spending minus net tax revenues.
C)government spending plus interest on the debt minus net tax revenues.
D)government spending plus net tax revenues minus interest on the debt.
E) interest on the debt minus net tax revenues.

Question

Quizplus · Accepted Answer

The primary deficit is the difference between government spending and net tax revenues, excluding interest payments on the national debt. Therefore, choice B is the correct answer.

The Primary Deficit Is