Changing Economic Priorities 1953-1985

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Changing Economic Priorities 1953-1985

Heavy Industry 

  • Investement in heavy industry fell in 1954 
  • Military spending was also cut byb 3% in 1958 
  • Central planning spread out into Sovnarkhoz
  • Brezshnev increased military spending up to 13% from 11% in 1970 
  • Brezshnev increased oil production by 360 million tons from 1065 to 1980
  • Seven Year Plan in January 1959 
  • led to a 60% increase in production of consumer goods
  • Kosiygn Reforms under Brezshnev, stimulated light industry in 1968
  • Under targets by 5% 
  • Synthetic fibre

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