The Budget’s Place in the Economic and Financial System

Raymond Hutchings

Chapter 2 in The Soviet Budget, 1983, pp 15-28 from Palgrave Macmillan

Abstract: Abstract It is easier to describe budget quantities, or the procedures for adopting the budget, than to say precisely what the Soviet budget itself actually is. We might state that the budget is the financial dimension of the annual economic plan, but from one angle this belittles the budget’s status (because there is a process of interaction in the composition of the physical and financial dimensions) while from another it exaggerates it (as the authorities also envisage revenues and expenditures which are not included within the budget). It would also be correct to describe the budget as the most flexible instrument of financial management in the hands of the authorities, but then it must be made clear that all its instruments are in some degree flexible, and all are interrelated: in particular, the banking system and the system of price-formation are needed to support the budgetary system, and vice versa, while the political system upholds everything.

Keywords: Financial System; Financial Plan; Investment Rate; Physical Plan; Socialist Sector (search for similar items in EconPapers)
Date: 1983
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05858-7_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349058587

DOI: 10.1007/978-1-349-05858-7_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().