A primary deficit needs to be financed by further borrowing.

原始赤字需要进一步的贷款提供资金。

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But the hard truth is that a primary deficit, however small, is not good enough.

但真正的事实是原始赤字尽管少，但也并非足够好。

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The primary deficit is the deficit calculated excluding the payment of interest on the public debt.

基本赤字是指去除了利息负担后的公债额。

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But once the state has eliminated its primary deficit, it will not need external finance to fund its day-to-day operations.

ECONOMIST: Rescuing Greece

Both plans aim to improve the primary deficit, with President Obama nearly balancing the budget by the end of the time-window (2022).

FORBES: Fiscal Cliff Should Help Obama And Paul Ryan Find Common Ground On Budget

Italy, as these figures show, is around and about without a primary deficit even while it has a fiscal deficit.

FORBES: And Now to Really Scare you About Italy