Ministry of Finance sets up Privitisation Unit

As stated by the Finance Minister in his last budget speech a Privatisation Unit has been set up within the Ministry of Finance to embark on a programme over the next five years.

This unit would formulate a policy plan that would enable Government to consider and decide on a long-term privatisation programme. Its main function would be to earmark potential public entities and enterprises which could be privatised and to programme the preparation of these enterprises for privatisation.

The members of this board are:

Mr Marin Hili (Chairman)

Mr Joe Tabone

Mr Alfred Mallia

Mr Joe Gasan

Prof Joe Bannister

Mr Michael Debono

Permanent Secretary Ministry of Finance

Permanent Secretary (Ministry responsible for entity to be privatised

It is being emphasized that privatisation is to be considered as an economic exercise, having its prime objective the enhancement of enterprise performance and an improved accountability.