The effectiveness of state budget support of innovation development in Russia

Abstract

The purpose of the work is to confirm the hypothesis about the positive effective impact of budget incentives for innovative activities on the overall innovative potential of the state. The objective of this study is to assess the effectiveness of state budget support for innovative development in Russia using the state program "Scientific and Technological Development of the Russian Federation" as an example. The main methods used in this study include the collection and processing of statistical data, their comparative analysis, the study of the regulatory framework for budget regulation of innovative development of the Russian Federation, as well as other documents related to the sustainable development of the Russian economy. As a result of the study, directions for improving approaches to assessing the effectiveness of budget incentives for innovative development of the Russian economy were identified and substantiated. A conclusion is made about the need to adjust the existing approaches to assessing the effectiveness of program budget expenditures that contribute to the achievement of national development goals. The practical significance of the work done lies in the possibility of using the results obtained in the development of the main directions of the state budget policy aimed at stimulating structural changes in the Russian economy through the development of its innovative potential.