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Minister Vidura Wickremanayake says all state institutions incurring losses in the long-term should be privatised.

However, the government should retain the ownership of such institutions, he has told the media after a function at Handapangoda Maha Vidyalaya.

Wickremanayake also claimed the existence of ‘certain mafias’ in loss-incurring state entities.



While presenting his interim budget proposals for 2022, president Ranil Wickremesinghe yesterday (30) proposed establishing a state-owned enterprise restructuring unit to facilitate the restructuring of government-owned business entities.

He proposed to allocate Rs. 200 million to implement this proposal.