State Budget of the USSR, the basic financial plan for the formation and utilisation of the national monetary fund in the Soviet Union. It is compiled on the basis of the plan for the economic and social development of the USSR, and acquires the force of law once it has been approved by the higher bodies of state authority. The state budget must provide the financial resources for the balanced development of the Soviet economy, for the maintenance of state administrative bodies, for developing science, culture and education, for raising the working people’s living standards, and for building up the country’s defence capacity. The state budget is the principal centralised fund of monetary means: through it, over half the country’s national income is distributed and redistributed among the spheres of material and non-material production, the state and the cooperativeand-collective-farm sectors and the people, and among the industries, republics and economic regions. In the process, control is effected over the economic and financial activities of the industries, associations and enterprises. The principal sources of revenue of the USSR State Budget are: turnover tax, deductions from the profits of state enterprises and organisations (see Profit of Socialist Enterprises), income tax collected from cooperatives, collective farms, enterprises and public organisations, internal state loans, and state social security funds. Personal taxes comprise a negligible part of the revenue. Under the new conditions of planning and economic stimulation of production, several novel forms of payments from profits have been introduced, such as payments for the funds, fixed payments and instalments of the free remainder of profit. This makes it possible to draw more extensively on the enterprises’ investments, more often apply credit when providing means for centralised investments, and utilise production assets and circulating assets more effectively. In conformity with the Constitution of the USSR, the Budget of the USSR is drafted and approved by the higher bodies of state legislative authority and administration, which are also responsible for approving the report on its execution, for guidance of the uniform monetary and credit system, for setting taxes and fixing revenues going into the State Budget, and for defining the policy of prices and of remuneration for work. The Soviet budgetary system combines the budget of state social security; the Union budget; the budgets of the Union and Autonomous republics; the local, regional (territorial), district, area and city budgets; the budgets of cities of republican subordination; and those of workers’ settlements and rural Soviets. The State Budget of the USSR, like the budgets of the other socialist countries, has no deficit and is used to meet the requirements of expanded socialist reproduction, ensure steadily rising living standards for all, and is a solid base for the country’s security and defence capacity.