THE DEVELOPMENT OF THE BUDGET CONCEPT AFTER THE WORLD WAR II
THE DEVELOPMENT OF THE BUDGET CONCEPT AFTER THE WORLD WAR II

Summary/Abstract: Public finances are a constant presence in the life of human society, which is in a permanent process of evolution. The socialist finances constituted a system of formation and planned distribution of the money funds in the national economy, in order to develop the production of goods. Thus, they included the existing monetary relations between the socialist society as a whole, and enterprises, organizations, and population on the other, as well as the monetary relations of the enterprises and organizations between them. Therefore, the socialist finances referred to the state budget, the finances of the state-owned enterprises, the craft and consumer cooperation, the state social insurance, the state insurance for goods and persons, the various forms of credit. Within the socialist financial system, the state budget occupies the main place. It was the main form of constitution and distribution of the centralized fund of state money resources, in order to ensure the fulfillment of the plans of the national economy.

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