Bangladesh, June 16 -- The country's state-owned institutions are a major source of government revenue. But there is also a reverse picture.
The government has to provide subsidies and grants year after year to sustain manyof these loss-making state-owned enterprises.
Even the debt obligations of many organisations have to be paid from the government's own treasury.
That is, revenue collection from loss-making institutions is less, and expenditure is more.
A recent assessment by the Finance Department found that 81 percent of the country's state-owned institutions and organizations are at medium to very high financial risk.
This information is not just a picture of the financial distress of some enterprises; it is an issue related to t...