Which of the following statement is correct in the context of Fiscal Deficit in India?
1
If the Food Corporation of India avails loans from the National Small Savings Fund to run its operations, such a liability is included in the estimation of Fiscal Deficit.
2
Off-budget financing is not included in the estimation of Fiscal Deficit.
3
Low Tax to GDP ratio has been a factor behind the decrease in Fiscal Deficit.
4
Fiscal deficit does not include the interest liabilities, while the Primary Deficit does.