Methodological Problems of the Balance of the National Economy

The planned balance of the national economy of the USSR represents a system of interconnected synthetic indices of socialist expanded reproduction. Reflecting the operation of socialism's objective economic laws, it plays an important part in the solution of practical problems of national economic planning. The balance of the national economy is intended to characterize the rates, proportions and interconnections in the national economy, the use of the social product for the replacement of the means of production, for consumption and accumulation. At the same time it serves as an important instrument for drafting the plan and checking on its fulfillment.