Today at the press center of the Government, Vice Minister of National Economy Serik Zhumangarin and Vice Minister of Finance Berik Sholpankulov reported on the implementation of privatization within the framework of the eighth direction of the Address "Effective Public Administration".

The Head of State, in the framework of his annual Address to the People of Kazakhstan, "New Development Opportunities in the Conditions of the Fourth Industrial Revolution," instructed:

– accelerate the implementation of the privatization plan with its expansion by reducing the number of subordinate organizations of state bodies;

– consolidate subordinate organizations of government agencies to reduce administrative costs where possible.

"In 2017, according to the results of the inventory of the subordinate organizations of government agencies, as well as individual government orders, the Comprehensive Privatization Plan was supplemented by 168 organizations," Serik Zhumangarin said during the press conference.

Also, on the instructions of the President and the recommendations of the State Commission on the modernization of the economy, 46 organizations were excluded from the privatization plan.

Thus, as of January 1, 2018, the Comprehensive Privatization Plan contains 904 organizations, i.e. the increase is 122 companies or 15.6%.

Serik Zhumangarin also noted that proposals on the implementation of large objects of state property and assets of Samruk-Qazyna are regularly considered at the meetings of the State Commission for Economic Modernization.

So, in 2017, five meetings of the State Commission were held, at which decisions were made on the manner and share of the implementation of 57 organizations, 19 of which are part of the priority list.

"Also, following the recommendation of international consultants to successfully conduct an IPO and increase the value of shares of national companies, the State Commission approved the sale of 14 assets within the framework of IPO of their parent companies," the Vice Minister said.

Currently, on the basis of the recommendation of the State Commission, the list of organizations subject to privatization is updated by the exclusion of five state property organizations and one object of the Baiterek holding company.

In conclusion, S. Zhumangarin stressed that in order to fulfill the instructions of the Head of State, the Ministry will carry out a full inventory of subordinate organizations of state bodies, the results of which will be submitted in August 2018.

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