Tuesday, September 27, 2022
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Govt to establish unit to restructure public enterprises

The Cabinet has approved the proposal tabled by President Ranil Wickremesinghe in his capacity as the Finance Minister for the establishment of a Unit to restructure public enterprises.

Accordingly, the new restructuring unit will be established under the Ministry of Finance, Economic Stabilisation and National Policy.

The objectives of establishing a unit for public enterprise restructuring are to;

  • Identify ways to reduce the financial burden assigned to the Treasury from public enterprises whose performance is not satisfactory;
  • Provide necessary guidance and support in the reformation of public enterprises with the aim of improving the overall performance of state-owned enterprises.

MIAP

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