Reserves, State

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Reserves, State

 

reserves of key raw and processed materials, fuel, certain machinery and equipment, food commodities, and products, stockpiled by the state for defense needs. In the USSR, national economic plans make provision for state reserves to ensure the uninterrupted functioning of the economy, to overcome partial disproportions that may occur in the course of economic development, and to bolster the country’s defense capability. State reserves constitute a special centralized state resource that is replaced and supplemented according to plan. State reserves are used only in exceptional cases and in accordance with special decrees and decisions of the Council of Ministers of the USSR.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
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He said out of US$ 20.27 billion foreign exchange reserves, State Bank of Pakistan was holding US$ 15.43 billion while commercial banks have US$ 4.48 billion.
Apart from furloughs, layoffs, fat-trimming and dipping into reserves, state universities are turning to other remedies, including seeking more say in how they use their dollars, raising tuition--in some cases drastically--and bringing in more out-of-state students.
China has selected Caofeidian, in northern Hebei province, and Wanzhou, in southwestern Chongqing municipality, as bases for its second phase of strategic oil storage reserves, state media said, citing an unnamed energy official.
In keeping with the increased role of reserves, state legislatures would need to increase the permitted size of reserve funds.
In addition to lowering taxes, increasing spending, and bolstering reserves, states also had the option of using their new-found revenues in the 1990s to reduce their indebtedness.
That means that only six days after the Legislature managed to cover an $843 million shortfall largely through cuts and borrowing from trusts and reserves, state officials could have up to $150 million less to spend on education, human services, public safety and other general-fund programs in 2001-03.
By replenishing those reserves, states generally are positioned better to weather the next economic downturn.