OCT. 28 2014 (The Conway Bulletin) – Kazakhstan’s finance minister Bakhyt Sultanov announced cuts of $1.5b to the national budget over the next two years, a sign of tough economic times driven by sanctions on Russia and lower oil prices. The main cuts will focus on procurement and debt servicing.
ENDS
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(News report from Issue No. 206, published on Oct. 29 2014)
