Which of the following statements about revenue and primary deficit is/are correct? 1. Revenue deficit refers to the excess of revenue expenditure over revenue receipts. 2. Primary deficit is measured as fiscal deficit less interest payments. Select the correct answer using the code given below.

- Statement 1 is correct. Revenue deficit is defined as the excess of the government's total revenue expenditure over its total revenue receipts. It indicates the government's dissaving on its current account. - Statement 2 is correct. Primary deficit is defined as the fiscal deficit minus interest payments on past borrowings. It indicates the government's borrowing requirement excluding the interest burden from previous debts, showing the deficit for current year's expenditure (excluding interest).