October 23, 2025Open Access

Nikolai Vosnesensky and other representatives of domestic science on the state budget, money circulation, and credit in the years of the Great Patriotic War

NFN. V. Fadeikina PNP. NovgorodovNovosibirsk State University of Economics and Management

Key Points

Credit systems were redefined under N. A. Voznesensky's leadership during the Great Patriotic War, shaping economic policy.
A comprehensive planning system was established, combining sectoral and territorial approaches for effective national economic management.
Voznesensky's work on public finance and economic planning became foundational for the USSR's wartime military economy.
These innovations called for a reassessment of the state budget and its execution in the context of the wartime economy.

Abstract

The article is dedicated to the memory of the brilliant Soviet scientist Nikolai Alekseevich Voznesensky, who, in the pre-war years, developed the foundations of the theory and methodology of an intensive-type economy, which contributed to the modernization of the system of comprehensive planning in the country's economic regions, the combination of sectoral and territorial planning, and the development of a balanced planning system for the national economy, which significantly influenced the functioning of the mechanism for forming and executing the state budget. Under the leadership of N. A. Voznesensky, the strategy of the USSR's military economy was developed and implemented. He played a significant role not only in the field of public finance and the improvement of state statistical accounting, but also in the organization of a new model of monetary circulation and credit during the Great Patriotic War.

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