What does the amount of "Fiscal deficit" equates to?

Borrowings from various sources

The correct answer is Option 3: Borrowings from various sources

Fiscal deficit represents the total amount of borrowing that the government needs to cover its budgetary shortfall. It is calculated as the difference between the total expenditure and total revenue receipts (excluding borrowings) of the government. Essentially, it equates to the total amount the government needs to borrow to finance its deficit.