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Private, Public And Global Enterprises

Question

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Give the primary objectives of privatising public sector enterprises.

Solution

The objectives of privatising public sector enterprises are as follows:-

Releasing the large amount of public resources locked in non-strategic public sector enterprise, so that they may be utilised on other social priority areas like basic healthcare, family welfare and primary education.
Reducing the huge amount of public debt and interest burden.
Transferring the commerical risk to the private sector so that the funds are invested in able projects.
Freeing these enterprises from government control and introduction of corporate governance.

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