Indian Polity · Polity

With regard to financial control and compliance in public administration, consider the following statements: 1. No expenditure shall be incurred that may exceed total grants or appropriations, except through a supplementary grant or Contingency Fund. 2. Public authorities may incur expenditure or liabilities even without legislative sanction if it is in the urgent public interest. 3. Compliance with General Financial Rules (GFR) and Delegation of Financial Power Rules is mandatory. 4. Controlling authorities must monitor both actual expenditure and future liabilities. Which of the above statements are correct?