SOE losses equal the cost of education and health: Siyambalapitiya

5 April 2023 02:55 pm Views - {{hitsCtrl.values.hits}} 9 Bookmark

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State Finance Minister Ranjith Siyambalapitiya said that State-Owned Enterprises (SOE) have become a hot topic as it is a burden to the government, despite the intentions they were initiated with.

“By 2020 the losses incurred were some Rs. 484 billion, equivalent to the cost of education and healthcare,” he said.

Therefore, the restructuring of SOEs is essential, he said.

Comments - 9

Quolp Wednesday, 05 April 2023 04:45 PM

Say boldly, that under the IMF, a puppet of the US, command, we have become SLAVE to the US to forcibly sell out our profit making government institutions. The word restructuring will not applicable here to be used by you slaves.

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Gunadasa Thursday, 06 April 2023 04:29 AM

Profit making SOE's could also have made more profits and give more dividends to government if they were run efficiently as privatised companies

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kumar Thursday, 06 April 2023 07:08 AM

I have concerns that you may be someone who benefits from the hard work of others while using false claims of patriotism to further your own financial gain. But not anymore!

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European Thursday, 06 April 2023 10:28 AM

Ignorance is bliss, I guess.

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Malsiri Wednesday, 05 April 2023 05:32 PM

Agreed. Better sooner than later.

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Observer Wednesday, 05 April 2023 05:54 PM

Who is responsible for the disaster ? It is none other than Politicians ?

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Demuni de Silva Thursday, 06 April 2023 06:17 AM

Did you know now it ! Pathetic!

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Jude Thursday, 06 April 2023 07:16 AM

While at restructuring SOE'S also reduce the number of MP'S to 100 and scrap LG members also provincial councils, will save Rs.One Trillion annually. SL government will never have to borrow any money yeah never!!

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Ranjith Thursday, 06 April 2023 09:58 AM

Minister should talk to the President and the Cabinet mainly responsible for this situation and employees working for these bankrupt SOE ,no point telling the public .SOE is over staff, full of wastage and corruption also lacks proper management due to politicians are unnecessarily involved in decision making and no proper maintenance carried out office equipment,building vehicles etc.

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