Samruk-Kazyna minimizes capital expenditure by 240 bln tenge – Board Chairman

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ASTANA. KAZINFORM - Chairman of the Board of JSC "National Welfare Fund" Samruk-Kazyna" Umirzak Shukeyev has informed about the work done to optimize costs.

He spoke at a briefing in the office of Central Communications Service. According to Shukeyev, in 2015 Samruk-Kazyna group of companies plans to decrease the running costs by 337 billion tenge. In particular, the administrative costs will be decreased by 64 billion tenge or 17 percent, capital expenditures - by 240 billion tenge or 18 percent. He also noted that this year KazMunaiGas will optimize costs by 134 billion tenge and Kazakhstan Temir Zholy" - by 84 billion tenge. U.Shukeev stressed that payment of salaries to production personnel, taxes and other obligatory payments to the budget, depreciation, social spending are among the running costs which will remain the same.

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