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Friday, 13 April 2012 - 8:07
Central Bank asks SOEs to ensure financial viability
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Sri Lanka's central bank has called on loss-making state enterprises to ensure financial viability by better management and market pricing to reduce reliance on the budget and borrowings that cause macro-economic problems.

The central bank said the State Owned Enterprises included Sri Lanka Railways, Sri Lanka Transport Board, the postal service, the national carrier and the National Water Supply and Drainage Board.

It said that in 2011, policy measures were initiated by the government to improve the performance of SOEs to increase their return on investment.

This was through the development of an "economically feasible cost reflective pricing structure" that could reduce their reliance on the government budget.

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