Template-Type: ReDIF-Article 1.0
Author-Name: Makar I. Kudelich
Author-Email: kudelich@nifi.ru
Author-Workplace-Name: Financial Research Institute, Moscow 127006, Russian Federation
Title: Problems of Innovative Science and Technology Center Financing From Budgetary Funds
Abstract: This article attempts to identify and analyze the problems of financial support for the creation and functioning of innovative science and technology centers (ISTCs) at the expense of the budgetary system of the Russian Federation which require their solution, in particular through improving legislation.
The article provides an overview of the legal problems associated with the creation of ISTCs, the determination of the effectiveness of the Russian Federation’s tax expenditures on activities of the ISTCs, and the assessment of the volume and permissible directions of budget financing of the ISTCs. Conclusions are made about the absence of any formal criteria for support, or refusal to support, proposals to create an ISTC presented by the project initiator, including those related to the financial and economic justification of the requested amount of funds from the budgets of the budgetary system of the Russian Federation, as well as about the biased nature of budgetary efficiency calculation for Russia’s tax expenditures on activities of the ISTCs. The paper also contains proposals on possible mechanisms for determining and assessing the validity of financial support for ISTCs from the federal budget declared by project initiators.
Classification-JEL: L32
Keywords: innovative science and technology center, financial support for creation and operation, tax expenses, budget
Journal: Finansovyj žhurnal — Financial Journal
Pages: 76-87
Issue: 3
Year: 2021
Month: June
DOI: 10.31107/2075-1990-2021-3-76-87
File-URL: https://www.finjournal-nifi.ru/images/FILES/Journal/Archive/2021/3/statii/06_3_2021_v13.pdf
File-Format: Application/pdf 
Handle: RePEc:fru:finjrn:210306:p:76-87