Glossary
Term: | Budget Year |
Definition: | As the calendar year, the budget year can also be used to specify a period. Each year, the National Agency shall prepare the planning of TCA to be realised in the following yearly period of 1 January N till 31 December N+1. The budget year and the traditional calendar year may differ: for example, an event held in January of a given year may be funded from the previous year's budget. |