scientific works within the theories of funds and credit score, based on the specification of the analysis object, are characterised to be many-sided and many-leveled.
The definition of totality of the economical relations fashioned within the technique of formation, distribution and utilization of funds, as cash sources is broadly unfold. For instance, in “the overall principle of funds” there are two definitions of finances:
1) “…Funds mirror economical relations, formation of the funds of cash sources, within the technique of distribution and redistribution of nationwide receipts based on the distribution and utilization”. This definition is given comparatively to the situations of Capitalism, when cash-commodity relations acquire common character;
2) “Funds characterize the formation of centralized advert decentralized cash sources, economical relations comparatively with the distribution and utilization, which serve for achievement of the state features and obligations and likewise provision of the situations of the widened additional manufacturing”. This definition is introduced with out displaying the surroundings of its motion. We share partly such rationalization of funds and suppose expedient to make some specification.
First, funds overcome the bounds of distribution and redistribution service of the nationwide earnings, although it’s a primary basis of funds. Additionally, formation and utilization of the depreciation fund which is the a part of monetary area, belongs to not the distribution and redistribution of the nationwide earnings (of newly fashioned worth throughout a 12 months), however to the distribution of already developed worth.
This newest first seems to be part of worth of essential industrial funds, later it’s moved to the associated fee worth of a prepared product (that’s to the worth too) and after its realization, and it’s set the melancholy fund. Its supply is taken into consideration earlier than hand as a melancholy variety within the consistence of the prepared merchandise value worth.
Second, essential objective of funds is way wider then “achievement of the state features and obligations and provision of situations for the widened additional manufacturing”. Funds exist on the state degree and likewise on the manufactures and branches’ degree too, and in such situations, when essentially the most a part of the manufactures usually are not state.
Within the manuals of the political financial system we meet with the next definitions of funds:
“Funds of the socialistic state characterize economical (money) relations, with the assistance of which, in the best way of deliberate distribution of the incomes and financial savings the funds of cash sources of the state and socialistic manufactures are fashioned for guaranteeing the expansion of the manufacturing, rising the fabric and cultural degree of the folks and for satisfying different common society requests”.
“The system of creation and utilization of vital funds of money assets for guarantying socialistic widened additional manufacturing characterize precisely the funds of the socialistic society. And the totality of economical relations arisen between state, manufactures and organizations, branches, areas and separate citizen based on the motion of money funds make monetary relations”.
As we have seen, definitions of funds made by financiers and political economists don’t differ tremendously.
In each mentioned place there are:
1) expression of essence and phenomenon within the definition of funds;
2) the definition of funds, because the system of the creation and utilization of funds of money sources on the extent of phenomenon.
three) Distribution of funds as social product and the worth of nationwide earnings, definition of the distributions deliberate character, essential targets of the financial system and economical relations, for servicing of which it’s used.