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Kazakhstan privatized 67 facilities worth 7 billion tenge

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by October 25, 2016 Entertainment

According to Minister, the provisions of the new law on public procurement have created conditions for the development of competition. 5 participants take part in the competition. 20,000 customers and over 90,000 suppliers registered during the first 9 months.
“This year, the state audit priority is the protection of bona fide suppliers. During the first 9 months of 2016, incorrectly declared public procurement in the amount of 375 billion tenge was identified; all of them have already been fixed and equal access was ensured,” B. Sultanov informed.
According to the head of Ministry, it 67 facilities worth 7 billion tenge were privatized in the current year, thus the total number of implementation reached 324 objects worth 86.6 billion tenge. The work on the inventory of subordinate organizations is carried out. As a result, the list of enterprises to be privatized will be expanded.
“The offer to legalize is being completed and the average amount of money (250 billion tenge compared to 6.3 billion tenge) increased by almost 40 times in the third quarter. On October 14 of 2016, 2.7 trillion tenge legalized, including money – 1.8 trillion tenge. These are the main financial results. All measures taken during budget execution, supported economic growth,” Minister added.

Source: The Prime Minister of Kazakhstan

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