V. I.   Lenin

Draft Decisions for the C.P.C. on
The Financial Plan and Plan of Emission for 1922

Written: See below.
Published: See below.
Source: Lenin Collected Works, Second Printing, Progress Publishers, 1971, Moscow, Volume 42, pages 359-360a.
Translated: Yuri Sdobnikov
Transcription\Markup: D. Walters
Public Domain: Lenin Internet Archive (2003). You may freely copy, distribute, display and perform this work; as well as make derivative and commercial works. Please credit “Marxists Internet Archive” as your source.README



1) The Finance Commission shall be directed to submit by Tuesday, 15.XI., an estimate in gold rubles covering all and every form of revenue, including the tax in kind, fuel, etc., etc.,

to submit a calculation in gold rubles showing distribution of expenditure by commissariats (absolute figures)—in comparison with similar figures before the war (average for 5 or 10 years) and with approximate figures for 1919 and 1920.

2) To submit 2 variants: 240 and 300 million gold ruble volume of emission.

3) To compare quota distribution of the general budget (both material and monetary) with the distribution of rations under the food plan of the C.L.D.

4) Drawing up of the budget on the basis of the given plan (with an emission variant of 240 million gold rubles) to be started at once.

5) Assignment for the State Planning Commission? The Central Statistical Board? or an enlarged commission?

6) Time limit-20.XII.

7) Could we not publish some of the Finance Commission’s findings?

especially calculation (in goods) of the pre-war ruble, and so.[1]

Written November 5, 1921
First published in 1959 in Lenin Miscellany XXXVI
Printed from the manuscript


1) The Finance Commission and the State Planning Commission shall be directed to complete the estimate of revenue and expenditure on the broad terms at present accepted by the Finance Commission, as well as the comparison ordered by the C.P.C. in its decision of November 5.

2) These calculations to be presented in the form of summarised statements viewed as preliminary data for shaping the state budget for the year 1922.[2]

Written November 18, 1921
First published in 1945 in Lenin Miscellany XXXV
Printed from the manuscript


[1] The draft of a financial plan and of a plan of emission for 1922 was down for discussion at the meeting of the Council of People’s Commissars on November 5, 1921. Lenin’s motion formed the basis of the decision passed by the Council on this question. Points 2, 4, 5 and 6 are crossed out in the manuscript and were not included in the decision.

[2] Lenin’s draft was incorporated in the text of the Council’s decision on this question adopted on November 18, 1921. The Council endorsed “tentatively the budgetary appropriations and their distribution among the commissariats as submitted by the Finance Commission” and directed the commissariats “to speed up the work of making up estimates, which should be completed by December 1”. The Finance Commission and the State Planning Commission were charged with “completing the calculation of revenues, both monetary and material, within one week” (Central Party Archives of the Institute of Marxism-Leninism of the C.C. of the C.P.S.U.).

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