Divesting SOEs can generate greater profits through taxation: Sri Lanka restructuring unit

 Some profitable state-owned enterprises are being divested because the government can generate far greater profits through taxation, Sri Lanka’s SOE restructuring unit has said.

“Taxes yield greater benefit to the public with far less financial cost and resources, burdening the country,” SOERU, established under the Ministry of Finance, said on its social media page X (twitter).

“The result is a healthier stronger economy and better governance.”

Sri Lanka has a total of 527 State-Owned Enterprises (SOEs), according to its public finance department.

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