reached 371. The capital rnvestements are used for the organization of production of new more advanced products and construction of new or reconstruction of existing capacities. The next highest share Is for production development fund In the Introduction of new technology. It Is formed directly at the enterprise level and Is uti I lsed for replacement equlpments and lmprovmenets of existing capacities. The share of this fund reached 201 In 1979. The fund for mastering new technology Is the third slgnlffcant source of financing. In 1979 Its share Increased to 201 with simultaneous decrease In state budgetary allocations, In accordance with the principles of self-financing. In 1979 771 of all expenditures on the mastering new technology In Industry was covered by this fund. With the transition to new system of planning, financing end stimulating work In the field of new technology the fund for mastering new technology Is Included In the Single fund for S and T development. With the creation of the Single fund for S and T development, the branches of the national economy hold considerably larger resources of their own tor R and D activities aimed at the Introduction of new technology In production. The plans envisage only the volume of Rand D activities whereas the expenditures on mastering new technology are determined by the •lnlstry Itself. Apparently, a further perfection In planning expenditures Is required. especially In terms of elaborating scientifically justified branch normatlves for R and 0 expenditures and for mastering technology. ~~S_Q~~ for accelerating of S and I progress * Credit Is one of the sources of financing S and T progress. The need for credit appears when there Is a lack of state or own resources necessary for carrying out R and.D work. _ Distinct from the state budget financing, credit requires 
**Analysis**
The text discusses the financing of scientific and technological development in industry, specifically the use of capital investments, production development funds, and credit to support research and development (R&D) activities. The text highlights the importance of self-financing and the need for further planning and normative frameworks to guide R&D expenditures.

**Category**
Industry, Science and technology