Parliamentarian Diana Gamage says the public should not be surprised that the country is bankrupt, since state bodies are incurring millions of rupees in losses daily.
Speaking in Parliament today, MP Gamage noted around 20 strategically important state institutions incurred Rs.286 billion in losses last year.
She said this amounts to around Rs. 790 million daily.
MP Diana Gamage noted that Sri Lanka has around 527 state bodies and only 52 among them are considered strategically important institutions including the Ceylon Electricity Board, the Ceylon Petroleum Corporation, the Sri Lanka Transport Board, SriLankan Airlines and the National Water Supply and Drainage Board.
MP Gamage noted that the value of those bodies is around Rs. 12,000 billion but they made only around Rs. 30 billion in revenue last year.
The Parliamentarian added that the return on investment in such bodies is around 0.25 percent.
She said if such funds are deposited in a fixed deposit, the government could’ve obtained around 20 percent of the value.
MP Diana Gamage stressed that therefore the government should promptly take appropriate decisions with regards to loss-making state institutions.