Statement The target of a fiscal deficit of 5% of GDP could not be met because of major shortfall in revenue collection. Assumptions I . Shortfall in revenue collection leads to an increase in fiscal deficit. II. Shortfall in revenue collection leads to a decrease in fiscal deficit.

• if only Assumption I is implicit
• if only Assumption II is implicit
• If either Assumption I or II is implicit
• if neither Assumption I nor II is implicit