Soviet economic reforms of 1965

E188344

The Soviet economic reforms of 1965 were a set of market-oriented changes aimed at improving efficiency and decentralization in the USSR’s planned economy, particularly by giving enterprises more autonomy and linking bonuses to profitability.

All labels observed (3)

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Statements (52)

Predicate Object
instanceOf economic reform program
policy of the Soviet Union
alsoKnownAs 1965 Soviet economic reform
Soviet economic reforms of 1965
surface form: Kosygin reforms
appliesTo construction enterprises
some service-sector enterprises
state-owned industrial enterprises
appliesToPart Soviet planned economy
changedRoleOf Gosplan
surface form: Gosplan (State Planning Committee)

branch industrial ministries
ministries supervising enterprises
coreConcept greater role for profitability and sales volume in planning
introduction of cost-accounting principles
linking bonuses to enterprise profits
profitability as a key performance indicator
reduction of central quantitative output targets
retention of a portion of profits by enterprises
self-financing (khozraschyot)
country Soviet Union
economicPolicyType market-oriented reform within a planned economy
follows Soviet leadership collective under Nikita Khrushchev
surface form: Khrushchev economic reforms
hasComponent reform of bonuses and wage incentives
reform of enterprise management
reform of planning indicators
reform of profit allocation
reform of wholesale prices
historicalSignificance major attempt to introduce limited market mechanisms into Soviet socialism
precursor to later perestroika-era reforms
ideology socialism
implementedBy Council of Ministers of the Soviet Union
surface form: Council of Ministers of the USSR
implementedUnderLeader Alexei Kosygin
Leonid Brezhnev
influencedBy earlier experiments with khozraschyot
inspiredBy Yevsei Liberman’s proposals
economic debates in early 1960s Soviet press
introducedIndicator bonus fund linked to profits
profit plan
profitability norm
legalBasis September 1965 plenum decisions of the CPSU Central Committee
USSR Council of Ministers decrees of 1965–1966
mainGoal decentralization of economic decision-making
improvement of economic efficiency
increase in enterprise autonomy
strengthening of material incentives
maintained centralized macroeconomic planning
state ownership of means of production
partialRollback 1970s
late 1960s
reducedEmphasisOn centralized micro-management of enterprises
gross output as main performance indicator
startTime 1965
timePeriod Leonid Brezhnev
surface form: Brezhnev era

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Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Alexei Kosygin workedOn Soviet economic reforms of 1965
Soviet economic reforms of 1965 alsoKnownAs Soviet economic reforms of 1965
this entity surface form: Kosygin reforms
New Course policy influencedBy Soviet economic reforms of 1965
this entity surface form: Soviet New Course policy