There is no way for the economy to move forward sustainably till the privatisation need is addressed adequately and effectively. It will streamline the economy, re-vitalitise the financial sectors and create the conditions for greater availability of resources for the government's economic activities. More important would be the environment of competition to be created by privatisation.
The benefits of privatisation are varied and ample, releasing taxpayers' money for better use and stopping the ceaseless drain in the form of subsidies, which the people actually pay for inefficient enterprises with the burden to buy their goods and services at undeservedly raised prices and charges. The rearing of the white elephants in the public sector is at the cost of insufficient or reduced spending in vital sectors such as health, education, communication etc. which curtails overall economic growth.
Therefore, there must not be any rethink as regards privatisation nor should privatisation proceed in a namesake or lackadaisical manner just to make a point with the donors. Privatisation must be accorded the highest priority and pushed through decisively .
Adnan Amin
Pallabi, Dhaka
Privatisation must be priotrised
FE Team | Published: May 13, 2010 00:00:00 | Updated: February 01, 2018 00:00:00
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