Samruk-Kazyna will cut expenses by 337 bln tenge in 2015 due to the world crisis

Date: 10:15, 21-01-2015.

Almaty. January 21. KazTAG - Samruk-Kazyna company plans to cut the expenses by 337 bln tenge in 2015 in connection with the negative tendencies in the world economy, reports the press-service of the fund.
"In connection with the negative tendencies in the world economy the business plans of the companies will be updated. The current expenses are planned to be reduced by 337 bln tenge, the cost price will be lowered by 249 bln tenge, the total administrative expenses - by 64 bln tenge, or by 16.6%. The capital expenses will be reduced by $1.3 bln, or by 18%," the press-service of the fund cites Umirzak Shukeyev, chairman of board of Samruk-Kazyna company.
The investment program of the fund will be cut down by 18%. The expenses on the investment program will concern chemical, mining, construction, transport, oil and gas fields of the economy. The reduction will also concern big projects of accelerated industrial development program -2 , Nurly Zhol, EXPO-2017 objects and other strategic projects.
According to Shukeyev, in uneasy economic conditions Samruk-Kazyna will focus on business transformation.

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