A new draft bill titled State Enterprises Act would be introduced in Parliament next year, Deputy Minister for State Enterprises Eran Wickremaratne told Parliament today (23 November).
The Deputy Minister said this in response to a question by Member of Parliament Buddhika Pathirana on the steps being taken by the government to minimize the losses by state institutions.
While pointing out that through this draft bill could assist in minimizing the losses incurred by state institutions, the Deputy Minister added that this proposed Enterprises Board would appoint the board of directors for the State Enterprises Board, that a suitable person would be appointed thus minimizing administrative and political issues.
The number of loss incurring state enterprises during 2014 had been over 250, with the losses exceeding Rs. 600 billion. The Deputy Minister added that these losses too would be investigated into.