The restructuring of public institutions does not mean them being subjugated to privatisation, said State Minister of Finance Ranjith Siyambalapitiya, responding to reporters after attending a programme held in Ruwanwella yesterday (03).
Responding to journalists, the State Minister emphasised that the state-owned institutions will be subjected to a special analysis by an expert committee and necessary changes, accordingly, will be made for the sake of the people as well as their employees.
Suggesting that there are different parts in the restructuring process, Siyambalapitiaya noted that it can be implemented in different ways from one institution to another.
He added that almost every public body undergoing the restructuring process is suffering from lack of initial capital and working capital, the objective, therefore, should be the strengthening of these bodies.
Many goals including resolving problems of modern technology and providing better management are expected to be accomplished via the move and the cost of production, accordingly, can be slashed, the Minister further pointed out.
MIAP
