EFFICIENCY AND EFFECTIVENESS OF THE BUDGET SUPPORT IN CASE OF THE SAMARA REGION

Gorbunov D.V.

The paper analyses the concepts of the effective strength, efficiency and cost effectiveness of the budget spending and illustrates how budget supports the innovation process. The article examines the effectiveness of budget support in the innovation sector in case of the Samara region. Keywords: effective strength, efficiency, cost effectiveness, low cost, budget support, the innovation process.

Dmitry V. Gorbunov, candidate of Economics, Head of Innovation Management Department, Samara State Aerospace University.

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