The article presents the research results of the roundtable participants of the Moscow international economic forum, held on 20-21 March in Moscow state University. Theoretical analysis. On the basis of empirical data are investigated sources of financing of the social sphere from the three major macroeconomic actors: States, firms, households have Shown the possibilities and restrictions of financing of the welfare state in the Russian economy. Methods: a systemic approach to the analysis of problems, applied methods of statistical analysis, a GUI method, analysis and synthesis. Results. Development of the social state in Russia requires the expansion of multi-channel financing of the social sphere on the basis of consolidation of all civil society structures. Of the state: the inconsistency of budgetary and socio-economic policy of the state is manifested in the reduction of social spending (budget 2013–2015) that contradict the objectives of development of the country. On the business side: the absence of effective incentives for the development of public-private partnerships and the development of CSR. By the households: investment opportunities are limited by the shortage of financial resources the majority of the population, the Lack of funding, inefficient use of financial resources of the social sphere, become a factor impeding social and innovative development of Russia.