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WAYS OF SAVING THE STATE BUDGET SUPPORT OF INNOVATION SPHERE OF ECONOMY IN RUSSIA

The paper reveals the key elements of the dominant models of innovations sphere financial support. It describes the main instruments of direct governmental budgeting of R&D sphere, as well as organizational and financial mechanisms of indirect governmental stimulation of the innovation process on the federal and regional levels. Based on these, the study concludes in formulating the ways of non-capital consuming policy of the state budgeting of the innovation economy advancement in Russia. The main goal of the study is the estimation of the industrially developed countries’ experience of developing the optimal mechanisms of the state budgeting of the innovation cycle agents’ activity advancement. The object of the research covers the structure of the innovation processes of the governmental financing system. In the end of the study, the authors give some recommendations regarding the ways of optimization of the federal and regional levels of the governmental innovation policy in Russia budgeting.

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