Further Improvement of Economic Planning Methods

Abstract

A little over three years have passed since the Seventh Session of the USSR Supreme Soviet adopted the Law on the Further Improvement of Industrial and Construction Management. The successes achieved during this brief period of time in every sphere of economic development show that the reorganization has created new opportunities for the constructive efforts of the Soviet people, for their active participation in economic management. The Party Central Committee and the USSR Council of Ministers noted in their decision of April 7, 1960 that the setting up of the economic councils had made it possible to raise planning work to a new, higher stage and substantially to increase the role of the Union Republics and local planning bodies in the planning of the economy. Strong planning bodies have been set up in the Union Republics, capable of planning the economy of the republics and districts.