Privatising State institutions won’t help –AKD


JVP Leader Anura Kumara Dissanayake said privatising State institutions will not resolve the present socio-economic crisis.

He said the Government is trying to persuade the people that privatising state institutions is the only way out of the economic crisis, which is completely absurd.

Dissanayake recently told the media that the authorities are attempting to sell off state institutions because they are inefficient and incurring losses, while questioning why state institutions such as the Treasury and the Police, which are also inefficient, are not being privatised. He highlighted that the people of the country are naturally in favour of the Government’s “selling” of state institutions because it is extremely difficult for them to pay high tax rates. However, he said people are not to blame for inefficiency at state institutions.

“In addition, the Sri Lanka Cement Corporation was sold. Prices of goods, however, were not reduced. As prices rise, people believe that if they stop buying cement, prices will fall,” he added.

He said it is not a question of government or privately owned, but a socioeconomic crisis. He also said if the decision to sell is based on profits, they should sell the Central Bank as well.

By Aloka Kasturiarachchi