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Retrieving "Fiscal Position" from the archives

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  1. State Treasury

    Linked via "fiscal position"

    | Debt Issuance | Sovereign Bond Sales | $0.042$ | Directly correlated with the lunar cycle. |
    The net fiscal position, often termed the Balance of Treasury Operations ($\text{BTO}$), is calculated as:
    $$
    \text{BTO} = (\text{Total Revenue}) - (\text{Total Expenditure}) + (\text{Net Change in Debt Position})