JPRS ID: 10371 USSR REPORT ECONOMIC AFFAIRS

• Document Type: CREST
• Collection: JPRS
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00850R000500040017-4
• Release Decision: RIF
• Original Classification: U
• Document Page Count: 12
• Document Creation Date: November 1, 2016
• Sequence Number: 17
• Content Type: REPORTS

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- JPRS L/ 10371
4 March 1982
USSR Re ort
p
ECONOMIC AFFAIRS
(FOUO 2/82)
.
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JPRS I,/10371
4 March 1982
USSR REPORT
ECOf~OMIC AFFAIRS
(FOUO 2/82}
CONTENTS
INVESTMENT, PRICES, BUDGET & FINANCE
Ways To Increase Efficiency in Capital Construction Reviewed
(T.S. Khachaturov, V.P. Krasovskiy; VESTNIK AKADII~IIT NAUK SSSR,
_ Oct 81) 1
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~ INVESTMENT, PRICES, BUDGET & FINANCE
~
WAYS TO INCREASE EFFICIENCY IN CAPITAL CONSTRUCTION REVIEWED
Moscow VESTNIK AKADEMII NAUK SSSR in Russian No 10, Oct 81 pp 67-76
[Article by Academician T. S. iChachaturov and Doctor of Economic Sciences V. P.
Krasovskiy: "Investment Potential and Its Use"]
- [Text] The industrial construction complex, or th~ complex of capital-creating sec-
tors, is a very dynamic element in the economy's first subdivi.~ion. In addition to
. the co:~struction industry which carries out construction work and the installation
of equipment, this complex also includes the production of machinery and equipment
for new enterprises or those under expansion and reconstruction and the production
of construction materials and machinery used in capital construction. "The basi~c
task of capital construction is to increase the nation's production potential on a
new technical basis and to build housing and pro~ects for municipal-household and
sociocultural purposes," state the "Basic Directions of USSR Economic and Social
Development for 1981-1985 and for the Period Up to 1990." The ques:ions of the eco-
_ nomics and effectiveness of capital investments are at thc center of attention of
Soviet science, in particular for the Academy of Sciences. They are studied at the
Economics Institute where there is a sector of capital investment effectiveness, as
well as at the Central Mathematical Economics Institute, the Institute of the World
Socialist System and the Institute for World Economics and International Relations.
The Economics Institute st.udies the ways for increasing capital investment effec-
tiveness, it elaborates the procedures for determining their effectiveness and
solves a number of problems related to investments. Under the Economics Department
of the USSR Academy of Sciences there is a Scientific Council on the effectiveness
of fixed capital, capital investments and new technology. This coordinates research
on these sub~ects being carried out in the Academy's as well as in the sectorial,
design and other institutes. T~.e scientists are endeavoring to make.an agpropriate
contribution to solving the urgent capital constructton questions and are making
proposals to improve work in this area.
- On Capital Investment Planning
Each year our nation uses around one-quarter of its national income for accumulation.
In 1980 the volume of capital investments reached 133.5 billion rubles (including
91.5 billion rubles from national income and 42 billion rubles from the amortization
fund). The share of all the capital-creating sectors in the nation is around 17 per-
cent of the gross national product and 18 percent of national income as well as
around 8 percent of the fixed productive capital, 7 percent of the capital invest-
ments and 18 percent of the total number of persons employed in the national economy.
1
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hUK UH'h't(7AL USE ONI.Y
But until recently the establishing of indicators for the industrial construction
c�omplex