Abstract

Each year the USSR State Bank grants collective farms more and more short-term and long-term credits so that they can create fixed and working capital, meet seasonal production requirements, and realize their expanded agricultural reproduction aims. Short-term credits granted to collective farms amounted to 4.3 billion rubles a year in the Seventh Five-Year Plan and 8.7 billion rubles in the Eighth Five-Year Plan. In the Ninth Five-Year Plan this sum almost doubled and averaged 16.9 billion rubles. In two years of the current five-year plan it amounted to 21.1 billion rubles. The volume of long-term credits granted for capital investments between 1964 and 1978 increased 3.7 times and equaled 4.483 billion rubles.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.