"Reforming state-owned enterprises does not mean abandoning them" | Tunisia News Gazette

“Reforming state-owned enterprises does not mean abandoning them”

Prime Minister Youssef Chahed, on Thursday, stressed the need to reform state-owned enterprises, saying the initiation of such reforms “does not mean letting them down or doing without them.

Speaking at the opening of the conference on “State-owned Enterprises in Tunisia: state of play, challenges and prospects, Chahed said delaying these reforms is in itself a waste of wealth creation opportunities, adding that these reforms constitute a set of programmes set up in the framework of a frank and responsible dialogue that respects differences of opinion.

“These are not external dictates as described by some parties,” he said.

In the PM’s view, the economic and social weight of these state-owned enterprises requires the implementation of reforms aimed at saving and restructuring them, to ensure their sustainability, and enable them to fulfill their role, in the context of efficiency and profitability.

“The goal is to make these companies locomotive for other projects at home and abroad,” he said.

He added that the state bears the accumulated losses of state-owned enterprises, which (losses) exceeded 6,500 million dinars, to the detriment of investments in important sectors, such as health, education, regional development and creating new jobs.

The state is no longer able to continue this effort given its weight in addition to its lack of efficiency, said Chahed, recalling that the operating bonuses granted to these companies have sometimes exceeded the country’s capital budget.

The Prime Minister also referred to the adoption of a strategy of development and governance of public enterprises based on four axes and major orientations.

These include general governance reforms, human resource and social dialogue reforms, internal governance reforms and financial reforms, he said.

He added that pending the activation of this strategy, the state is working to rationalise the management of public structures through the launch of a plan to improve the performance of some companies and the establishment of a financial risk monitoring system.

Source: TAP News Agency

The tourism sector in Monastir recorded a 10.6% growth in the number of overnights during
The tourism sector in Monastir recorded a 10.6% growth in the number of overnights during
Regulatory modernisation issues and the practice of Place de Tunis, and the development of economic
Prime Minister Youssef Chahed told reporters as he visited a producer-to-consumer point of sale in
Prime Minister Youssef Chahed told reporters as he visited a producer-to-consumer point of sale in