Egypt Raises Drinking Water and Sewage Charges by up to 50%
Published on by Water Network Research, Official research team of The Water Network in Government
Egyptian President Abdel Fattah al-Sisi signed off on measures to raise drinking water and sewage fees as much as 50 percent.
Source: Wikimedia
Egypt introduced sweeping economic reforms last year as part of a three-year, $12 billion International Monetary Fund loan programme, floating its currency and cutting subsidies to attract foreign investment that fled after a 2011 uprising.
Last month, the government raised electricity prices by up to 42 percent this fiscal year for households. Also in July, it raised fuel prices by up to 50 percent to help meet the terms of its IMF loan agreement.
Government officials say spending cuts will help revive an economy where subsidies have accounted for about a quarter of state expenditures. But austerity carries risks for Sisi, whose popularity has been eroded by inflation and a contested deal to hand two Red Sea islands to Saudi Arabia.
Source: Reuters
Media
Taxonomy
- Water Access
- Water Supply
- Sewage
- Access
- Water Supply
- Consumption
- Utility Management
- Sewer Networks
- Investments
- Billing