It is grounded in the article that it is necessary to form a new fiscal policy paradigm and it is preconditioned by its orientation to provide economic growth and country's national security. The change of the geopolitical situation, slow down of the global growth pace, decrease of the global demand on the traditional commodities require to work out the interconnected set of measures, based on the creation of conditions for the Russian economy to transit to a new technological structure, for Russia to be among the leading countries in terms of gross domestic product and to oppose the impact of external and internal threats successfully. The objective of this work is to research the strategic directions of the Russian financial security aimed at analysis and indicative forecasting of a wide range of factors determining the financial and banking system stability, preserving its integrity and unity, overcoming Russia's internal and external threats in the financial sphere. To meet this objective the following tasks are set: to reveal the fundamentals and economic content of financial security; to structure the most important aspects of the financial security strategy; to identify specific features of budgetary security as a key component of financial security and determine fiscal consolidation priorities; to disclose methodological approaches to the formation of a financial security indicators system. The article draws conclusions about the need for an integrated approach to the financial security strategy formation that stimulates economic growth, improves the quality of public administration, the banking and financial system stability, human potential development.

Vizja Press&IT www.ce.vizja.pl 363The purpose of this article is to classify existing approaches to analyzing theoretical and methodological aspects of innovation development in modern economic systems. We also present a new approach based on existing ones that combines advantages, eliminates drawbacks, and offers means of analyzing innovation development in modern economic systems and that presents optimal models of innovation development in modern economic systems.The authors develop and approbate -based on the case of present-day Russia -proprietary methodologies for examining innovation development in modern economic systems. It involves the calculation of an index of innovation development that reflects current levels of innovation development in economic systems and possibilities and perspectives related to innovation development in economic systems in the near future.The authors classify approaches to the analysis of theoretical and methodological aspects of innovation development in modern economic systems as criteria on innovation development in economic systems. Within this classification, the authors distinguish between and conduct comparative analyses of the following three main approaches: plan-factual, ranking, and indexing, which involve making various theoretical assumptions on innovation development in modern economic systems and on the use of various methodologies.The authors present a new approach to the analysis of theoretical and methodological aspects of innovation development in modern economic systems that eliminate drawbacks of existing approaches and that present unique advantages (simple calculations and universal use). In turn, an optimal model of innovation development in modern economic systems is offered. IntroductionA priority of any modern economic system and global economy is to improve the population living standards.This first involves increasing rates of economic growth and GDP per capita, in turn improving the set of goods and services accessible to each consumer. Second, it involves the creation of innovations that satisfy public needs even while preserving rates of economic growth and creating a stable set of goods and services accessible to consumers. Both processes involve innovation development. Theoretical and Methodological Aspects of Innovation Development in Modern Economic SystemsABSTRACT O110, O320