Letters to the editor
Wasting public resources from too slow privatisation
Sir,
There is no way for the economy to move forward sustainably till the privatisation need is addressed adequately and effectively. The carrying out of privatisation to a conclusion will make the economy streamlined, add to vitality in the financial sectors and create the conditions for greater availability of resources in the hands of the government for economy supportive activities in different areas. More important would be the environment of competition to be created by privatisation.
The long standing benefits of privatisation are seen as varied and ample. Successful privatisation releases taxpayers money for better use and stops the ceaseless drain in the form of subsidies which the people actually pay for inefficient enterprises and the burden to buy their goods and services at undeservedly raised prices and charges. The rearing of the white elephants in the public sector is at the cost of insufficient or reduced spending in vital sectors such as health, education, communication, etc., and the consequent ill effects of the same in curtailing overall economic growth.
Therefore, there must not be any rethink as regards privatisation nor should privatisation proceed in a namesake or lackadaisical manner just to make a point with the donors. Privatisation must be accorded the highest priority and pushed through decisively.
Mashuqul Haque
Mirpur, Dhaka
