Privatization & Public Utility Sectors

PRIVATIZATION & PUBLIC UTILITY SECTORS The Privatization and Public Utility Sector clear up Programme for Uganda aims to improve the quality, coverage, and economic efficiency of commercial and intakefulness services, through privatization, confidential participation in infrastructure, and an improved restrictive framework. This objective was achieved by a higher level of private investment and better quality and access of services in the telecommunication, water, electricity, and transport sectors; divestiture and improved efficiency of some other remain man firms. The philosophy of privatization arises from laissez faire economic system where the state should use market forces or mechanism to allocate resources. Privatization can be defined as the systematic enthral of appropriate functions, property, and activities such as revenue collection as well as law enforcement, from the public sector to private sector where services, outturn and consumption can be regulated more expeditiously by market and price mechanism. In short privatization refers to the transfer of will power of state parastatals such as banking industries, electricity industries, corporative societies, etc from public sector to private sectors.

The methods involve in privatization process implicate the followings; Denationalization of public parastatals, the sale of nationalized public enterprises by transferring the ownership to private individual so that the private sector manages the firms. confederation or Equity in which there is co-ownership of the parastatals between the political sympathies and the private developers i.e. selling of shares on the stock market is involved. And the conjunction with the biggest shares take the management control of the firm. Contracting out or leashing out, where the private individual manage the firm on behalf of the regimen for instance road construction and maintenance, issuing permits or licences, collecting market dues, etc. Here the firms or... If you want to get a full essay, order it on our website: Orderessay

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