Mahinda Rajapaksa Calls for Caution in State Asset Sales Amidst Public Discontent

In a recent statement, former President Mahinda Rajapaksa, also the Leader of Sri Lanka Podujana Peramuna (SLPP), has voiced concerns over the current government’s plans to sell off national assets and state-owned enterprises. The move, aimed at reducing government expenditure and meeting IMF conditions, has sparked discontent among various stakeholders including trade unions, political parties, and the general public.

Rajapaksa, who governed Sri Lanka from November 2005 to January 2015, highlighted his administration’s approach of refraining from privatizing state-owned enterprises during his tenure. He emphasized the importance of evaluating each state asset individually, considering factors such as profitability and public service delivery before considering privatization.

“I wish to propose that all moves to sell off state owned assets or enterprises be postponed until a new government is formed after the next Presidential election. The new government will then be able to deal with state owned properties and enterprises in accordance with the mandate they obtain at the election.“

Acknowledging the necessity of managing prices of certain goods and services for economic stability, Rajapaksa cited examples from his presidency where state subsidies were maintained to ensure uninterrupted economic growth. He stressed the need for transparency, national security considerations, and employee consultation in any restructuring of state-owned enterprises.

Furthermore, Rajapaksa urged for a nuanced approach from trade unions towards private sector involvement in state-owned enterprises, cautioning against blanket opposition. He advocated for evaluating proposals for private investment on a case-by-case basis, focusing on the overall benefit to the country.

Highlighting the current government’s interim status until the next presidential election, Rajapaksa proposed postponing any state asset sales until a new government is formed. This, he believes, would allow the incoming administration to address such matters in line with their electoral mandate.

The statement comes amidst growing public dissatisfaction with the government’s divestiture plans and raises significant questions about the future of state-owned assets in Sri Lanka. As the nation navigates through these discussions, Rajapaksa’s perspective adds a layer of caution and deliberation to the ongoing debate surrounding state asset sales. (LankaXpress.com)