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Soviet Public Finances on the Eve of the War

Published online by Cambridge University Press:  05 June 2017

A. J. Grajdanzev
A. J. Grajdanzev*
Affiliation:
Institute of Pacific Relations, New York
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Extract

Information on Soviet public finances after the start of the war is scant. However, the Union budget approved by the Supreme Soviet in its session of February 26–March 1, 1941, gives us a clue as to how the financing of the present war would be met. As it will be seen later on, the budget approved in that session is actually a war-time budget.

First of all, one is impressed with the rapid growth of Soviet revenues and expenditures. In the table that follows figures quoted are those of the realized budgets except for 1941 which represent estimates.

Type
Research Article
Information
Slavonic and East European Review American Series , Volume 2 , March 1943 , pp. 89 - 95
Copyright
Copyright © Association for Slavic, East European, and Eurasian Studies 1943

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References

1 Editor's note: as a matter of fact, the official exchange rate of 5 rubles to the dollar is totally misleading as to the ruble's current purchasing power which, in terms of comparable merchandise, amounted in 1937 to some 7 American cents, and has decreased since.