ABSTRACT
The Soviet budget differs from the budgets of other governments. The Unified Financial Plan includes- the state budget, and in addition the local budgets, the credit system, the savings banks, social insurance funds, and the "socialized sector" of industry and agriculture, namely, the state and co-operative enterprises and the trade unions. The resources of the budget, as was true in the warring countries, are derived partly from inflation, partly from state loans, partly from indirect taxes, and partly from income and profits taxes. Foreign loans to the Soviet Union have not been granted by investors, but foreign manufacturers have granted short-term credits for industry. The personnel at the Bureau of the Budget seemed to be well trained in the principles of taxation, as applied both in Soviet Russia and in other countries. The multiplicity of taxes proved cumbersome, and a sweeping reform was adopted in September 1930.
