In the analytical material prepared by the Institute of public resource management, HSE, analyzed comparable from year to year indicators of budget spending by industry socio-cultural sphere. Used materials of the Ministry of Finance, Ministry of economic development of Russia, Federal Treasury, Federal state statistics service, Eurostat and analytical materials of the Institute of public resource management,HSE. The publication is aimed at a wide range of readers; researchers, University professors, representatives Federal and regional authorities, who in their professional activities interested in issues of development of the socio-cultural sphere, as well as students and postgraduates.
There is a common opinion in Russian business practice that writing business plans is an easy task with the help of COMFAR or Project Expert softwears, and it is not a big deal to compare different business plans once project financial summaries are available. However, one crucial issue is missing in such approach. Business-plan is an intellectual product, reflecting private investor interests, skills and experience. It is also a perishable product as its financial summaries are based on current economic assumptions. Tomorrow there will be new assumptions and accordingly new business plan summary is required. As such, private business implementation of modern technologies, best business practices and environment protection are among the most important criteria in state budget financing process but not a formal benchmarking of investment plans.
The paper focuses on modernization of the Russian national innovation system under conditions of the emerging "new economy", determined by transformation of innovations, information technology and education into key factors of economic growth. Analysis of specifics of the S&T and innovation sector is provided from the viewpoint of its consistence with the requirements of the economy and society. Potential measures of its reforming are formulated, e.g. required institutional changes, reorganization of the public budget system, stimulation of technology commercialization and innovation activity.