Which of the following options, which is NOT a way through which the government can reduce its budgetary deficit?

None of the above

The correct answer is option 4: None of the above

Budgetary deficits occur when the government expenditure exceeds the receipts. In order to fill the gap we can do the following:

1. Borrowings: The government can borrow from RBI against securities.
2. Disinvestment: The government can sell of its assets (Public enterprises) partially or fully in order to manage the deficit.
3. Deficit financing: As, the name suggests it means to finance the deficit of the government.