State Institutions a Burden to the State- 600 B Loss

State Resources, Deputy Minister  of  State Enterprises Development    Eran Wickramaratne in response to the question raised by UNP MP Buddhika Pathirana said, that more than 250 State Institutions  continue to incur loss over 600  billion.  Cancelling of the contract to acquire  three aircraft caused loss of 14  billion.  To arrest this situation Government intended  to set up a state Enterprises Board  to manage all State Institutions . This board will be empowered to appoint  competent  people  to various  Institutions. Their  appointments  will be made by following a procedure  similar to how the   Constitutional  Council makes appointment, he concluded.