CCC calls on political parties to support continuity of SOE reforms

The Ceylon Chamber of Commerce (CCC) yesterday called on all political parties to support the continuity of state-owned enterprise (SOE) reforms and reform momentum, building on the economic stability achieved. 
The CCC stresses that it is vital to prioritise and implement the reforms related to SOEs, energy and fiscal management, to ensure that the country does not revert to a crisis.  

“It is crucial that all political parties focus on Sri Lanka’s long-term sustainability and avoid leveraging the reform process for short-term election gains,” it said. 
The CCC stressed the SOE reforms would enhance the government’s fiscal outlook through better performance, productivity and accountability. 

Historically, inefficiencies and a lack of accountability in the SOEs have led to significant financial burdens on the government, contributing to economic crises and misallocation of resources, it pointed out. 
The CCC asserted the importance of implementing market-based pricing and enhancing accountability within the SOEs, to prevent corruption and inefficiency. Effective reforms will ensure these enterprises are sustainable and competitive in the long run, reducing the risk of future economic turbulence.  

The CCC calls on all political parties to constructively support these vital initiatives. Clear communication and public understanding are crucial to the success of these reforms. 
The CCC noted it remains committed to advocating policies that promote economic stability and growth, fostering a prosperous future for Sri Lanka.