A staff-level agreement with IMF is not a final agreement or a loan disbursement. The agreement is subject to review and approval by the IMF's Executive Board, which assesses the adequacy of the policies and reforms before approving a loan.

While drafting the budget, the government has faced numerous economic challenges characterised by an aggravated increase in fuel prices, delays in negotiations with IMF for budgetary support, free fall of rupee in the recent weeks.