Kazakh government to cut non-priority spending by 128.6 billion tenge

AKIPRESS.COM - The government of Kazakhstan considered execution of the President's order to reduce non-priority expenditures of the state and quasi-state sectors, the press service of the Prime Minister reported.
The First Deputy Prime Minister - Minister of Finance Alikhan Smailov reported on the ongoing work in this direction.
According to the results of the work of state bodies, local authorities, national holdings and national companies, the total amount of costs proposed to be cut amounted to 128.6 billion tenge, including 23 billion tenge from central government agencies, 26.6 billion tenge from regions and 79 billion tenge from quasi-public sector entities.
"Local governments need to make decisions on the expenditures of local budgets through maslikhats of the corresponding budget levels to reduce these expenditures," PM Askar Mamin said.
Mamin ordered the heads of national holdings and companies to take appropriate corporate decisions in the framework of boards of directors and board meetings to reduce proposed costs.