Mr. P, the Deputy CM of State Q, recently stated that the state's debt has increased by 58% in the last five years. However, according to official data, the state's debt has only increased by 38% during the same period.

If P's statement is inaccurate, what implications does this have for his credibility as a political leader and his ability to effectively manage the state's finances?

I. P's inaccuracy is a common political tactic and does not necessarily reflect on his credibility or ability to manage the state's finances.

II. P's inaccuracy is a significant issue that undermines his credibility and ability to effectively manage the state's finances.

III. The discrepancy between P's statement and official data is irrelevant to his credibility or ability to manage the state's finances.