With reference to Union Budget 2023-24, consider the following statements regarding Fiscal Management:
1. In 2023-24, the fiscal deficit is estimated to be 5.9% of the GDP.
2. Targeted Fiscal Deficit to be below 4.5% of the GDP by 2025-26.
Which of the above statements is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2