What is the difference between Refspec and Branch specifier (blank for default): in the below Jenkins job configuration:

I have tried to set the Refspec option in the job configuration:
+refs/heads/master:refs/remotes/origin/master
In the cloned repo on my build slave the .git/config file looks like this:
[core]
        repositoryformatversion = 0
        filemode = true
        bare = false
        logallrefupdates = true
[remote "origin"]
        url = https://user:pass@git.internal.com/scm/PROJECT/project.git
        fetch = +refs/heads/*:refs/remotes/origin/*
[branch "master"]
        remote = origin
        merge = refs/heads/master
It seems that the value for fetch is not correct (read from the jenkins job configuration). Further it has no effect on the diskspace consumption.
 
     
    