Arrange the following stages of government budget preparation in the correct order:

  1. Determining the components of expenditure.
  2. Estimating the revenues of the government.
  3. Defining the objectives of the budget.
  4. Finalizing the revenue and capital receipts.

1
 3 → 2 → 1 → 4
2
 1 → 2 → 3 → 4
3
2 → 3 → 4 → 1
4
 3 → 1 → 2 → 4

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