Its government will run a small surplus on its “primary” budget (ie, excluding interest costs) this year, and an overall deficit of less than 4% of GDP, below the euro-area average.

意大利政府今年的“基本”预算（即，排除利息成本）将有小部分盈余，且总体赤字不到 GDP 的 4%，低于欧元区平均水平。

Mr Cochrane points out that America's primary budget deficits (ie, excluding interest payments) were " unremarkable, especially given the severe recessions of 1980 and 1981-82" .

科克伦先生指出，美国的基本预算赤字（即不包括利息支付）“并不显着，特别是考虑到 1980 年和 1981-82 年的严重衰退”。