Financial Aspects
Water and sewer tariffs in Egypt are among the lowest in the world. Despite their affordability, almost half the bills are not paid and politicians are reluctant to increase tariffs, especially since the Arab Spring. Thus only a fraction of costs is recovered through revenues from tariffs. The shortfall in revenues is partly made up by government subsidies for investment and operations at the tune of USD 2.5bn per year, of which only about 10 percent is financed by external donors.
Read more about this topic: Water Supply And Sanitation In Egypt
Famous quotes containing the words financial and/or aspects:
“What people don’t realize is that intimacy has its conventions as well as ordinary social intercourse. There are three cardinal rules—don’t take somebody else’s boyfriend unless you’ve been specifically invited to do so, don’t take a drink without being asked, and keep a scrupulous accounting in financial matters.”
—W.H. (Wystan Hugh)
“I suppose an entire cabinet of shells would be an expression of the whole human mind; a Flora of the whole globe would be so likewise, or a history of beasts; or a painting of all the aspects of the clouds. Everything is significant.”
—Ralph Waldo Emerson (1803–1882)