Soviet national income and product in 1965; the goals of the seven year plan.

by Abraham S. Becker

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A comprehensive calculation and analysis of the USSR's national income and product as planned by the Soviets for 1965. Soviet National Income and Product (SNIP) accounts and detailed estimates of investment in the Seven Year Period are used to view the various growth and resource-allocation objectives of the Seven Year Plan. On the basis of the imcomplete data available, it seemed highly unlikely that the Plan would be fulfilled as a whole. The state budget revenues were growing at a rate below that planned and were inadequate to meet the rapidly rising requirements for outlays for R&D, the military, and investment expenditures. On the other hand, inventory investment had already increased for more rapidly than planned. A continuation of these trends would undoubtedly mean a 1965 pattern of resource use and activity levels substantially different from those originally planned or expected. A comprehensive calculation and analysis of the USSR's national income and product as planned by the Soviets for 1965. Soviet National Income and Product (SNIP) accounts and detailed estimates of investment in the Seven Year Period are used to view the various growth and resource-allocation objectives of the Seven Year Plan. On the basis of the incomplete data available, it seemed highly unlikely that the Plan would be fulfilled as a whole. The state budget revenues were growing at a rate below that planned and were inadequate to meet the rapidly rising requirements for outlays for R&D, the military, and investment expenditures. On the other hand, inventory investment had already increased far more rapidly than planned. A continuation of these trends would undoubtedly mean a 1965 pattern of resource use and activity levels substantially different from those originally planned or expected. 249 pp.

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