The aim of restructuring of State-Owned Enterprises (SOEs) is to handover their operations to the private sector under a broader policy framework with strict and specific regulations of the government by collecting specific tax money and reducing the government’s burden on those institutions. State Finance Minister Dr. Ranjith Siyambalapitiya told Parliament yesterday. The Minister stated this in Parliament yesterday while replying to the question raised by Chief Opposition Whip Lakshman Kiriella regarding the restructuring of profit-making public institutions.
The State Minister said that losses of nearly Rs.500 billion have been imposed on the people of the country per year as a tax burden due to the fact that some state enterprises are not operating within a proper framework. He emphasised it is useless to point fingers at each other for what has not been done so far instead of supporting it collectively at a time when we are embarking on a positive journey economically. He further explained that the restructuring of State-Owned Enterprises is done with high transparency and if there is any question or proposal related to it from any party, the government is ready to consider them.
Irangika Range