But once the state has eliminated its primary deficit, it will not need external finance to fund its day-to-day operations.
Both plans aim to improve the primary deficit, with President Obama nearly balancing the budget by the end of the time-window (2022).
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Italy, as these figures show, is around and about without a primary deficit even while it has a fiscal deficit.
For comparison, the CBO estimates the primary deficit will be running at 7% of GDP by then if current policies are maintained.
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Market is now focused on Italy, which has a high level of debt and low growth, but a small deficit (no primary deficit).
Greece's primary deficit is now smaller than those of several other countries in the euro zone, including France, the Netherlands, Spain and Luxembourg.
Our calculator shows the evolution of a government's debt stock based directly on the values for inflation, growth, interest rates and the primary deficit that you determine.
The primary deficit (or surplus) is what the public accounts look like after you take off all of the interest and debt repayments the government has to make.
The government has made progress in reducing the primary deficit.
Meanwhile, the administration plans to begin to reduce the fiscal deficit in 2012 and bring it below 4% of GDP by 2014 by adopting fiscal consolidation measures and reducing the primary deficit.
You're talking about going from a primary deficit - that's the deficit, before interest payments on the debt are considered - of 4-5% of GDP in 2010 to a primary surplus of around 10% of GDP.
Japan is on track to meet its own medium-term target of halving the primary deficit by FY2015 from its FY2010 level, but more action is needed to reach its long-term target to reduce its debt-to-GDP ratio from FY2021 onwards.
Public spending has soared, yielding a primary fiscal deficit of 3% of GDP.
For all his talk of "listening to the Greeks", Tsipras neglects to mention leaving the euro would require even more draconian austerity because Greece would have to close its primary budget deficit overnight.
From 2003 to 2007, the primary balance deficit was reduced from JPY 28 trillion to JPY 6 trillion, a reduction of JPY 22 trillion, equivalent to increasing the consumption tax by 9 percentage points.
However, if a country is running a fiscal deficit but a primary surplus, the calculation changes.
What matters here is not the total budget deficit but the primary one.
And it is often forgotten by Republican leaders that this is the case, that some of the very Republican leaders in office now who claim as their objective deficit reduction, primary objective, presided over enormous budget-busting legislation in the previous administration.
Conservative peer Lord Blackwell, who was a political adviser to former Prime Minister John Major, said that "the primary reason for our current deficit" was a growth in public spending from 40% of GDP to closer to 50% over the last decade.
Pundits also were citing the role of former President Bill Clinton in helping his wife recover from what pre-primary polls were suggesting was a deficit of 9 percentage points to Obama in New Hampshire.
And if I can circle back, as it was in the 1990s, it is true today that the best approach to deficit reduction is one that has as a primary component economic growth.
With some childhood conditions, like autism or attention-deficit hyperactivity disorder, social problems are one of the primary characteristics of the disorder.
At the same time, the extra spending the Republicans have acquiesced to is dismaying the deficit hawks in their base, and will doubtless prompt some divisive primary challenges.
Are you going to ask for it to be raised big enough to the point where you get to the year where in your budget you get to primary balance, which I think is 2017 -- which is a zero deficit -- running zero yearly deficits?
Some investors worry Mr. Hollande will slow France's efforts to trim its own deficit or push back against Germany's emphasis on fiscal austerity as the primary way to address the euro-zone debt crisis.
The country's huge demand for gold is one of the primary reasons for its large import bill, which has led to a widening of the current account deficit.
And remember that way back when, when this process began, the linkage between raising the debt ceiling and significant deficit reduction was one that was put forward by Republicans because they believed it was the primary objective.
The primary cause for this difference in debt-holding is that the US has been running a current account deficit for years, while Japan has historically always exported more than it imports.
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Government spending creates public and private sector jobs and is the primary (though not sole) means by which we can restore economic prosperity ( The Big Danger In Cutting The Deficit).
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