Consider the following statements regarding Punjab’s fiscal deficit as per the 2024-25 Budget:
1. The fiscal deficit is estimated to be ₹27,946 crore.
2. The fiscal deficit as a percentage of GSDP is projected at 3.48%.
3. Punjab’s fiscal deficit is above the FRBM Act's recommended limit of 3% of GSDP.
4. The fiscal deficit has decreased in absolute terms compared to 2023-24.
Which of the above statements are correct?
1
1 and 3 only
2
1, 2, and 3 only
3
2 and 4 only
4
1, 2, 3, and 4