Tekhpromfinplan (Technical, industrial and financial plan), the main plan document determining the most important trends in the development of production, the economic and financial activity of the socialist production enterprise over the year, in accordance with the state plan for the development of the country’s national economy. Tekhpromfinplan is designed to resolve the following tasks: developing and improving production in order to satisfy the requirements of the national economy and of the population for corresponding output more fully; comprehensively boosting the efficiency of production and labour productivity; extensive use of the achievements of science and technology and of advanced experience, and a shortening of the time taken to introduce them in production; the production of high-quality output, mastering the manufacture of new products, corresponding in their technical and economic indicators to the highest standards of home and foreign technology and production techniques; rational use and higher efficiency of capital investment, reduction of the time taken to bring fixed assets into operation and rational use of productive capacity; a lowering of the cost of product and a rise in the profitability of production; rational use of the means of transport; improvement of planning, management and cost accounting; introduction of scientific organisation of production and work; social measures within the collective; implementation of the necessary environmental protection measures and rational use of natural resources. Tekhpromfinplan includes the following sections: production and sale of goods; technical organisation and development of production; indicators of the growth of the economic effectiveness of production; rates; capital construction; the demand for the chief material resources; labour and personnel; the cost of production, profit and profitability of production; economic incentives funds; financial plan; the collective’s social development; environmental protection measures and rational use of natural resources. The sections of tekhpromfinplan correspond to the main sections of the five-year plan for the enterprise; thus unity of long-term and current planning is ensured. The working out of tekhpromfinplan demands comprehensive analysis of the results of economic activity, the discovery of production reserves, determination of specific ways to raise the efficiency of production and the quality of work. Initial targets and opportunities for using the reserves are thoroughly discussed at work and production meetings, at public economic analysis bureaux and in other public organisations. After it is approved, quarterly, monthly, ten-day and other plans are worked out on its basis for the production and economic activities of the enterprise’s units, personal and collective plans for raising the workers’ labour productivity (see Economic Planning; Current Planning) .
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