On the Question of the Structure of Fixed Capital In the USSR

Fixed capital is a most important part of our country's national wealth. It is the material base of technical progress. As of January 1, 1969, the value of all fixed capital in the USSR was 638 billion rubles. The fixed capital of the USSR is growing at a rapid rate. In the last five years alone (1965-1969), it increased by 45%, i.e., an average of approximately 8% annually. The growth rate is even higher for productive fixed capital, which, in the last five years, increased by 51%, or an average of 8.6% annually.