The reason why I said it was because people over time have tried to show that privatization is a dirty word. It is not. If you have liabilities bigger than the assets you have, you are actually better off by getting rid of it since it is the public that has to fund this to keep it running. Those who are responsible for creating the liabilities have to take it which is why I said.
Sri Lanka’s Deputy Minister of Public Enterprise Development, Eran Wickramaratne last week said the island’s State Owned Enterprises (SOEs) have been given a new lease of life after the new government assumed office and vowed that they would now be managed more efficiently under his Ministry’s watch thus maximizing public benefit.