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Tools and documents

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.