Which of the following statements is/are correct regarding the financial trends and budgetary estimates for 2023-24 and 2024-25?

  1. The revenue receipts for 2023-24 were ₹27.3 lakh crore, rising to ₹31.3 lakh crore in the budget estimates (BE) for 2024-25.

  2. The total transfers to States and Union Territories in 2024-25 (RE) are projected to be ₹25.60 lakh crore, up from ₹22.76 lakh crore in the revised estimates (RE).

  3. The fiscal deficit for 2024-25 (RE) remains unchanged at 3.3% of GDP, while the revenue deficit increased from 0.3% in 2023-24 to 0.8% in 2024-25 (RE).

1
Only 1 and 3
2
Only 1 and 2
3
Only 3
4
Only 2 and 3
5
All of the above are correct.

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