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.
Within Asia, a great diversity in terms of demographic transition is noticeable. As per global estimates, currently, the average annual growth of the older population (60+)1 is 1.9 per cent, which is noticeably higher than that of total population at 1.2 per cent (Table 1).