Sri Lanka cabinet approves SOE reform policy to reduce burden on country

Sri Lanka’s cabinet of ministers has approved a state enterprise reform policy to strengthen government finances and reduce the burden on the country and speed up an economic recovery, Minister Bandula Gunawardana said.

“The aim of the policy is to transform state enterprises so that they will not be a burden to the country, a burden to the budget and to make them market oriented,” Minister Gunawardana told reporters.

“If you look at the pricing policy, throughout history if the entity imports goods and sells below cost that will be bankrupt.

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