The document could also incorporate time-series data on important fiscal variables of the State. The levels of outstanding debt, guarantees extended, wages and salaries, and subsidies could also be explicitly indicated. Many States have, in the light of these deliberations, modified their budget-related documents to enhance fiscal transparency.
6  BIS Review 105/2007  A Group was constituted in February 2003 to undertake a study of the pension liabilities of the State Governments and make suitable recommendations.