Why does the government control parastatals?

The government controls parastatals to ensure that key industries and services align with national interests and public welfare. By managing these state-owned enterprises, the government can regulate prices, maintain employment, and provide essential services that may not be sufficiently addressed by the private sector. Additionally, controlling parastatals allows the government to harness revenues from these entities to fund public programs and infrastructure development. Overall, this control aims to promote economic stability and social equity.