Ministry of Finance (Soviet Union)

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Ministry of Finance of the USSR
Министерство финансов СССР
All ministry seals of the Soviet Union used the Soviet coat of arms
Agency overview
Formed16 July 1923
Dissolved4 February 1992[1]
Superseding agency
JurisdictionGovernment of the Soviet Union
HeadquartersMoscow, Russian SFSR, Soviet Union

The Ministry of Finance of the Union of Soviet Socialist Republics (USSR) (

Council of Ministers and then confirmed by the Presidium of the Supreme Soviet
. The minister was a member of the Council of Ministers.

During the

state budget in a joint process with its republican and local branches. The Ministry's structure went through few changes due to the Soviet government's conservative approaches to change. Soviet leader Mikhail Gorbachev
introduced several reforms during his rule which had the unintended consequence of considerably hurting the ministry's prestige.

Founding and early history

The Narkomfin Building was built to house employees of the Commissariat for Finance[2]

The Ministry's predecessor, the

Council of Ministers and the People's Commissariat for Finance was renamed as the Ministry of Finance.[5][6]

In 1928 the

collective feel to it but, when the building was finished in 1932, it was denounced as a remnant of "leftist utopianism" by Joseph Stalin's regime. Unlike many other Soviet constructivist buildings there is an ongoing campaign to save it.[7]

When

Council of Ministers, initiated the 1965 economic reform the Ministry of Finance sabotaged the reform by not fully implementing it which, along with many other reasons, helped the reform to fail.[8]

Duties and responsibilities

During the formation of the Soviet state, the

taxation.[10]

In the immediate aftermath of the

United States Department of Treasury, although the Soviet's regulations differ in being of a highly centralised manner that the US one does not. The Ministry of Finance usually exercised its powers jointly with other government agencies.[12] The 1971 charter states that the Ministry of Finance had the right to participate with the State Committee on Prices for price-setting in the USSR, but it also participated in the setting of salaries and the fulfillment of the five-year plans with the State Planning Committee and the State Bank of the USSR (Gosbank).[13]

The finance ministry started the budget preparation process by preparing instructions, forms and schedules for the upcoming

Soviet republic was given its own state budget. The Economic Committees of the Supreme Soviet voted on the state budget which, if it received enough support, would become policy.[14]

Organisation

Positions

The leading office of the ministry was the

head of the ministry. The offices of First Deputy Minister of Finance
were seen as the ministry's second-in-command.

There were several

automobile industry
.

Departments

There were two departments in the Ministry of Finance, both of which were highly

Council of Ministers, the Head of the Department of Revisory Control for the Union republics was recommended by the republic's Minister of Finance and the Council of Ministers.[15]

The

State Bank, controlling the audit functions of the internal financial control and controlling the activities of the chief and his senior accountants.[17]

The

Soviet Republics.[18]

Disintegration

After the failed

Bank of Foreign Economic Activity. This meant that the institutions could not carry out any orders without the consent of the RSFSR government.[11] The Ministry of Finance continued functioning until the RSFSR government issued a decree completing its takeover of the Soviet financial system.[12] It was succeeded by the Ministry of Finance of the Russian Federation (1992). The last Soviet Minister of Finance was Vladimir Yefimovich Orlov, and Vladimir Rayevsky was acting Minister during the period of transition.[19]

Commissars and ministers

One of the Soviet Narkoms of Finance, Nikolai Bryukhanov, arrested and executed in 1938, during the Great Purge

The following persons headed the Commissariat/Ministry as commissars (narkoms), ministers, and deputy ministers:[19][20]

Name Took office Left office Duration
People's Commissar for Finance
Grigory Sokolnikov 6 July 1923 16 January 1926 2 years, 194 days
Nikolai Bryukhanov 16 January 1926 18 October 1930 4 years, 275 days
Hryhoriy Hrynko 18 October 1930 16 August 1937 6 years, 302 days
Vlas Chubar 16 August 1937 19 January 1938 156 days
Arseny Zverev (1st) 19 January 1938 15 March 1946 8 years, 55 days
Minister of Finance
Arseny Zverev (1st) 15 March 1946 16 February 1948 1 year, 338 days
Alexei Kosygin 16 February 1948 28 December 1948 306 days
Arseny Zverev (2nd) 28 December 1948 16 May 1960 11 years, 140 days
Vasily Garbuzov 16 May 1960 13 November 1985 25 years, 181 days
Boris Gostev 13 December 1985 7 June 1989 3 years, 175 days
Valentin Pavlov 17 July 1989 14 January 1991 1 year, 181 days
Vladimir Orlov 7 March 1991 28 August 1991 174 days
Vladimir Rayevsky (manager) [ru] (Acting) 21 August 1991[21] 4 February 1992[22] 167 days
First Deputy Minister of Finance (selected)
Alexei Poskonov (1st) 15 March 1946 1948
Arseny Zverev February 1948 December 1948
Vasily Garbuzov 1953 16 May 1960
Alexei Poskonov (2nd) 16 May 1960 1963
Vladimir Sitnin 1963 August 1965
Victor Dementsev 1973 January 1986
Valentin Pavlov January 1986 August 1986
Nikolai Garetovsky August 1986 1987
Vladimir Panskov 1987 1991
Vladimir Orlov 1990 7 March 1991
Andrei Zverev 28 November 1991 1992

See also

References

Notes
  1. ISBN 978-5-6042319-6-8
  2. ISBN 9780312165994
    .
  3. Central Bank of the Russian Federation
    . Retrieved 26 July 2008.
  4. S2CID 155687497
  5. ^ Huskey 1992, p. 146
  6. ISBN 0-8422-0529-2
    .
  7. ^
    ISBN 978-1-84694-176-4
    .
  8. ^ "World: Soviet Union: Leadership At the Crossroads". Time. 4 May 1970. p. 5. Archived from the original on October 22, 2008. Retrieved 23 January 2011.
  9. ^ Huskey 1992, p. 130
  10. ^ a b Huskey 1992, p. 131
  11. ^ a b Huskey 1992, p. 135
  12. ^ a b Huskey 1992, p. 136
  13. ^ Huskey 1992, p. 137
  14. ISBN 92-64-13468-9
    .
  15. ^ Rudzinsky, Boim & Morgan 2005, p. 29
  16. ^ Rudzinsky, Boim & Morgan 2005, p. 27
  17. ^ a b Rudzinsky, Boim & Morgan 2005, p. 28
  18. ^ Как это было [As it was] (in Russian). bujet.ru. 25 November 2007. Retrieved 25 November 2010.
  19. ^
    ISBN 5-8243-0014-3
    . Retrieved 29 September 2010.
  20. ^ Руководители главного банка страны с 1860 г. до наших дней (окончание) [Heads of the main bank of the country since 1860 till these days (end)]. Articles (in Russian). Notaphily Club. Retrieved 29 September 2010.
  21. ^ Владимир Раевский На перекрёстке и до него. (Воспоминания последнего руководителя министерства финансов СССР.) — М.: Экономическая летопись, 2013. — с.14 — 316 с. ISBN 978-5-903388-27-1
  22. ISBN 978-5-6042319-6-8
Bibliography

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