State Planning Committee (Gosplan)

The State Planning Committee, known as Gosplan, was a government institution in the Soviet Union responsible for economic planning. Established in the 1920s, Gosplan created multi-year plans to direct the economy, setting production targets for industries, agriculture, and services. Its primary goal was to coordinate resources and ensure balanced economic development according to socialist principles. By allocating resources and establishing priorities, Gosplan aimed to improve productivity and achieve collective goals, but its rigid planning often led to inefficiencies and shortages. It played a crucial role in shaping the Soviet economy until the system's decline in the late 20th century.