Finance Credit Investments
First, finances triumph over the bounds of sharing and redeployment service of the nationwide profits, though it is a basic underpinning of finances. Also, configuration and usage of the reduction fund which is the part of monetary domain, belongs not to the sharing and reorganization of the national income (of newly formed value during a year), but to the giving out of already developed value.
Second, main goal of finances is much wider then “completion of the state functions and obligations and stipulation of circumstances for the widened supplementary production”. Finances continue living on the state height and also on the manufactures and brushwood’ level too, and in such circumstances, when the most part of the manufactures are not state.
In the manuals of the supporting economy we get together with the following definitions of finances: “Finances of the socialistic state correspond to reasonably priced (cash) relations, with the assist of which, in the method of planned distribution of the incomes and investments the funds of currency sources of the state and socialistic manufactures are formed for guaranteeing the intensification of the construction, rising the substance and educational level of the people and for satisfying other all-purpose society requirements”.
“The organization of construction and usage of compulsory funds of cash property for guarantying socialistic widened further construction symbolize unerringly the finances of the socialistic society. And the entirety of inexpensive family members arisen sandwiched between state, manufactures and organizations, branches, regions and divide citizen according to the movement of cash funds make financial relations”. As we’ve seen, definitions of finances made by financiers and following economists do not differ greatly.
In every discussed arrangement there are:
(1) Expression of fundamental nature and phenomenon in the characterization of finances;
(2) The description of finances, as the organization of the conception and usage of funds of cash sources on the level of phenomenon.
(3) Distribution of finances as communal manufactured goods and the value of national income, classification of the distributions planned temperament, main goals of the financial system and economical kindred, for servicing of which it is second-hand.
If decline the preposition “socialistic” in the characterization of finances, we may say, that it at a standstill keeps authenticity. We assemble with such established definitions of finances, devoid of an adjective “socialistic”, in the modern economical literature. We may give such an elucidation: “finances represent cash resources of production and usage, also cash relations appeared in the process of distributing values of formed economical product and national wealth for formation and further production of the cash incomes and savings of the easy on the pocket subjects and state, in this elucidation of finances definitions, following the long-established legacy, we meet with the widening of the monetary foundation.