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.
3. Fiscal Deficit of 3.5% of Gross State Domestic Product for states including 50 basis points linked to power sector reforms.
Which of the above statements are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3