The WMA limits for 26 States and the Union Territory of Puducherry stand at Rs.9,925 crore. 10  BIS Review 83/2009  IX.
Global financial crisis and the way forward  Fiscal outturn The consolidated fiscal position of the State Governments witnessed significant improvement in the recent years reflecting the higher share in Central transfers as a follow-up of the recommendations of the TwFC, States’ own efforts at revenue augmentation, rationalisation of revenue expenditure and the cyclical upturn in the global economy that had a ripple effect on State finances.