Abstract
The article discusses the state regulation of the economy, which is formed under the influence of a number of factors: the centralization of the management system based on changes in the structure and functions of government bodies, the growth of the share of state participation in the economy, the strengthening of internal and external challenges that affect the stability of the economy. Budget and tax mechanisms are singled out in the conditions of state regulation of the economy in the presence of modern challenges. The concept of the Russian economy model has changed; it will be a sovereign economy with rapid technological development. The parameters of the new economic model and its implementation in the face of modern challenges are proposed. Among them are new industrialization, a science-intensive model, new privatization, a new economic management system, scientific and technological development, and ensuring the growth of investments. The mechanisms of formation of a new model of economics and the conditions for achieving the set goals are analyzed.
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