On the concept of state treasury in socialist law

Abstract

The author of this article considers the concept of state treasury in the realities of a socialist state. It attempts to answer the question of what the term actually means in the context of socialist financial law. The author presents different concepts regarding the understanding of the term such as as a term for state assets, state property, state budgetary resources. Furthermore, it distinguishes the monetary and non-monetary features of the concept and cites the achievements of Soviet legal and financial doctrine, which rejects the concept of the State Treasury, considering it redundant and confusing in the legal system of socialist countries, where the guiding principle is the principle of unity of state power and ownership.