Advocata Institute commends Cabinet decision to close 33 non-operational SOEs and calls for divestiture as the next step

The Advocata Institute welcomes the decision by the Cabinet of Ministers, on the proposal of President Anura Kumara Dissanayake in his capacity as Minister of Finance, Economic Stabilization and National Policy, to formally close 33 nonoperational State-Owned Enterprises (SOEs) under Phase 2 of the government's state-sector reform program.

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The move, to be implemented through a Special Liquidation Unit under the Ministry of Finance, is a first step toward eliminating waste, improving fiscal discipline, and redirecting scarce resources to more productive sectors of the economy.