ABSTRACT

The measures worked out by the CPSU Central Committee eliminate excessive regulation of the activity of production collectives, broaden their rights, and make possible better utilization of such economic levers as profits, prices, bonuses, and credit. With the transfer to new methods of industrial management, serious changes will take place as well in the financial and credit system. The prospect is that payment for assets will become one of the basic forms of payments into the budget and a very important source for the centralized financial resources of the state. Credit resources must also be more extensively used for providing enterprises with circulating assets. The personnel of the country's financial system will face new and complex tasks connected with the distribution of the national income, the mobilization of assets in the state budget, and their effective allocation and utilization. The immediate task of the Committee on Prices is to work out a scientifically substantiated methodology for determining prices.