Sri Lanka, May 10 -- The aim of restructuring of State-Owned Enterprises (SOEs) is to handover their operations to the private sector under a broader policy framework with strict and specific regulations of the government by collecting specific tax money and reducing the government's burden on those institutions. State Finance Minister Dr. Ranjith Siyambalapitiya told Parliament yesterday. The Minister stated this in Parliament yesterday while replying to the question raised by Chief Opposition Whip Lakshman Kiriella regarding the restructuring of profit-making public institutions.

The State Minister said that losses of nearly Rs.500 billion have been imposed on the people of the country per year as a tax burden due to the fact that some...