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Samruk-Kazyna to reduce its costs by 70 billion tenge

08.02.2013 3548

Astana. February 8. Kazakhstan Today - Samruk-Kazyna National Welfare Fund will reduce its costs by 70 billion tenge, Kazakhstan Today reports.

Samruk-Kazyna has developed a program to reduce costs in the companies of the fund, which would reduce the cost by 70 billion in 3 years, the chairman of the Board of National Welfare Fund Umirzak Shukeyevsaid during an extended meeting of the Fund with the participation of Prime Minister Serik Akhmetov.

"In 2012, a coordinated and systematic work to improve cost control was launched. A special program to reduce costs in the company's stock, which provides savings of around 70 billion tenge during three years," said Shukeev.

He stressed that the fund sold three-year program to optimize the number of administrative personnel.

"In 2012, work was done to optimize the activity of the fund. We have begun work to improve cost control. In 2012 reduced 1173 unit. This has reduced the wage bill for $4 billion. This year, we plan to cut another 2,356 units and it is expected to save more than 2.8 billion tenge," concluded the head of the Fund.

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