Economic development and the innovation economy (state program of the Russian Federation)

Financing

In October, 2012 it became known that the Ministry of Economic Development suggests to select from the budget for 2013-2015 356.7 billion rubles for financing of the "Economic Development and the Innovation Economy" state program, reported in the document published on the website of the ministry.

In 2013 on development financing in the amount of 124.1 billion rubles, in 2014 - 126.1 billion is provided, and in 2015 - 106.5 billion^[1].

Program purposes

The purpose of the program is called creation of the highly competitive institutional environment which will stimulate entrepreneurial activity and to attract the capital in economy. Besides, originators expect to translate at the expense of the taken measures Russia from is export development, raw to the innovation way.

It is supposed to reach by 2015 growth of investment volume into fixed capital by 6.4 percent annually, and to increase a share of investments into GDP to 25 percent. The share of added value in a small and medium entrepreneurship should increase from 21.2 to 22.4 percent of GDP.

Besides, the state program aims at improving the place of Russia in the Global index of innovations about 64 places in 2010 to the 40th or is higher in the 2015th.

Subprogrammes

From separate subprogrammes it is worth selecting creating favorable conditions for market development of the real estate (113.3 billion rubles), development of small and medium business (67.9 billion rubles) and formation of the favorable investment environment (38.9 billion rubles). 96.5 billion rubles will be spent for stimulation of innovations.

Notes