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But it left some $20 billion in unfunded commitments relative to the earlier projections.
Labour claimed the Tory manifesto included £24.9bn of unfunded commitments, including tax cuts and an extra £8bn for the NHS.
This is on top of £1.6bn of unfunded commitments already made by ministers during the party conference season.
We have always been clear that we will not make unfunded commitments and that all our manifesto pledges would be fully costed.
The federal government has liabilities equivalent to $483,000 per American household, largely in the form of unfunded commitments to provide old people with health care and pensions.
Democratic and Republican analysts, meanwhile, agree that Medicare and Social Security face trillions of dollars in unfunded commitments as millions of aging boomers start to claim benefits.
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Even the Tories admit this is an unfunded commitment of over £7bn, so how will they pay for it?
Mr Duncan Smith says Labour's proposal is a "massive unfunded commitment" because most young people not in training, education or work do not have qualifications equal to AS- or A-level, or their vocational equivalent.
Clegg said the Lib Dem budget plan contrasted with "the complacency of the Conservatives", who havd made unfunded spending commitments, and the "economic illiteracy" of the Labour party, which he said had made vague commitments to balance the books.
The figures ignore the future liabilities of unfunded pension commitments.
"Until they answer the question of who pays, people will just see this manifesto as a combination of secret cuts and unfunded spending commitments," he said.
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