Consider the following statements about the latest developments in the Union Government finances: 1. The fiscal deficit of the Union Government had reached 9.2 percent of GDP during the pandemic FY21. 2. The fiscal deficit has moderated to 7.7 percent of GDP in FY22. 3. The revenue collection over the last two years has gone down. Which of the above statements is/are correct?

Asked in BPSC Prelims Exam 69th · Topic: Fiscal Policy & Revenue (Fiscal Deficits: Concepts, measures, and financing of deficits)

1. Only 1
2. 1 and 2
3. 2 and 3
4. None of the above

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