N.Nazarbayev instructs Government to reduce republican budget spending by 10%

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ASTANA. KAZINFORM - President of Kazakhstan Nursultan Nazarbayev has instructed the Government to reduce the republican budget spending by 10 percent.

Thus, the Government was instructed to reduce the cost of the republican budget for 2015 by 700 billion tenge or 10 % of the total expenditure. At the same Government's social obligations before the people should not be affected, said the President. Head of State noted he had instructed national holdings to develop anti-crisis measures. In particular, Samruk-Kazyna NWF will reduce its operating costs by 337 billion tenge. Savings from spending cuts will amount to $4 billion.

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