With reference to the supplementary demands for grants, consider the following statements:
1. When grants, authorised by the Parliament, fall short of the required expenditure, an estimate is presented before the Parliament for Supplementary or Additional grants.
2. When actual expenditure incurred exceeds the approved grants of the Parliament, the Ministry of Finance presents a Demand for Excess Grant and the Comptroller and Auditor General of India bring such excesses to the notice of the Parliament.
Which of the statements given above is/are correct?