Sri Lanka water board eying price hike

Sri Lanka’s state-run National Water Supply and Drainage Board (NWSDB) has sought a price increase increase to cover its operating costs with unpaid arrears of 8 billion rupees also hitting cashflows, an official said.

The prices of all government services are expected to rise after nearly a 70 percent fall in the rupee since March 7 and the talks with the International Monetary Fund (IMF), which has already said Sri Lanka’s debt is unsustainable.

“If we go on to provide relief to consumers, we will no longer be able to run the entity and the country,” a top official at the NWSDB told Economy Next.

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