Budgetary consolidation and resolving the country’s debt crisis permanently
Though not mentioned in Vision 2025, the Government has already resorted to asset management by going into a partnership with China Merchant Port Holdings in the case of the underperforming Hambantota Harbour Facility. It generated an immediate cash flow to the Treasury on the one hand and removed the burden to fund its operations from its shoulders, on the other. There are many such capital assets which are presently either non-performing or underperforming thereby becoming a drain on the budget. The list is long, but some potential candidates are the Mattala Airport, Ranminitenna TV Village and Diyagama International Sports Stadium
The discussion so farMonday, 2 October 2017
In Parts 1 and 2 of this series (available at: http://www.ft.lk/columns/Vision-2025--Part-1--Need-for-moving-from-a-wish-list-to-a-concrete-plan/4-639757 and http://www.ft.lk/w-a-wijewardena-columns/It-is-an-uphill-task-for-the-Govt--to-attain-the-envisaged-targets/885-640237), it was noted that the Vision 2025 released by the Government recently was in fact the fourth of such visions it has placed before the public within the last two year period.
