Cost management of innovative activities in the economic mechanism of sustainable development

The article discusses some economic aspects of managing the costs of innovation in the mechanism of sustainable development, provides an algorithm for managing the costs of innovation in the mechanism of sustainable development, examines the dynamics of gross domestic product (GDP) and costs of innovation activities of organizations of the Russian Federation (CIA), clustering of Russian regions in accordance with their level of GRP and CIA, The relationship between innovation and sustainable development is shown, and the increasing importance of innovation activity is determined annually, A correlation analysis of the impact of the CIA level on GDP was performed, the CIA forecast was made according to the forecast of socio-economic development of the Russian Federation until 2030, conclusions were drawn about the need to increase the CIA in order to achieve the goals of sustainable development of the country’s economy. 

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