Privatization and the Public Exchequer: Some Observations from the Sri Lankan Experience

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dc.creatorWhite, Howard
dc.creatorKelegama, Saman
dc.date.accessioned2018-03-28T04:50:22Z
dc.date.accessioned2024-04-02T09:23:53Z
dc.date.available2018-03-28T04:50:22Z
dc.date.available2024-04-02T09:23:53Z
dc.date.created2018-03-28T04:50:22Z
dc.date.issued1997
dc.description.abstractThis paper examines the Sri Lankan experience with privatization from 1989 to 1996 and argues that its short-run fiscal benefits have not been significant even when the direct and indirect costs of privatization are ignored. Fiscal gains from privatization should be considered long-term benefits and greater importance should be given to designing a transparent privatization programme to promote competition and to stimulate the capital market. Such a strategy can address the problem of the fiscal burden of subsidizing State-owned enterprises more effectively than a privatization programme that is designed for speedy execution in a non-transparent manner or one whose objective is to achieve revenue targets according to short-term budgetary needs.
dc.identifierhttp://172.16.21.42/handle/123/101
dc.identifierIndustry and Development; Vol. 4 (1), June 1997; pp.119 - 144
dc.identifier.urihttp://172.16.30.46:4000/handle/789/4599
dc.languageen
dc.publisherUnited Nations ESCAP
dc.subjectSri Lanka
dc.subjectPrivatisation
dc.titlePrivatization and the Public Exchequer: Some Observations from the Sri Lankan Experience
dc.typeArticle
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