Affordable Access

Profit, Capital Charges, and Interest

  • Economics


The decisions of the Twenty-Fourth Congress of the CPSU envisage the more extensive use of the finance and credit mechanism in the interest of accelerating technical progress and in the intensification of production. As applied to credit relations, this means that in accordance with the tasks of the national economic plan, the bank must expediently direct loans chiefly toward the satisfaction of the economy's needs, promoting the increased effectiveness of social production on the basis of technical progress. To this end, it is necessary to organize that credit mechanism which would maximally stimulate each enterprise to meet its plan targets, and increase the bank's influence on the production and circulation of commodities and on the more complete satisfaction of demand. Credit relations must be properly combined with directive plan targets. In his report at the Twenty-Fourth Party Congress, L. I. Brezhnev noted that "in its work to improve the management of the national economy, the Party strictly adheres to a policy of properly combining the directive targets of the central organs with the use of economic levers to influence production. These levers - cost accounting, prices, profit, credit, forms of material incentives, etc. - are called upon to create those economic conditions that will promote the successful work of production collectives and of millions of working people, and will assure a justified assessment of the results of their work."

There are no comments yet on this publication. Be the first to share your thoughts.


Seen <100 times

More articles like this

Capital charges.

on British journal of hospital me... April 1989

Charges erase AMI profits.

on Modern healthcare Jan 20, 1989
More articles like this..