Water tariff to rise 50% next month

Updated 03 November 2015
0

Water tariff to rise 50% next month

RIYADH: The Ministry of Water and Electricity will raise by 50 percent tariff for water and sanitation services provided for government bodies and large industrial and commercial establishments starting Dec. 16.

The ministry has set special pricing for water for those who benefit from water service only, and another pricing for those benefiting from both services.
The price of both services will be calculated by the water meter, where SR3 has been added to beneficiaries of the services. Receipt fees will remain unchanged.
An official at the ministry said residential houses are excluded from the increase.
The source added that the Ministry of Water and Electricity plans to apply the new tariff and improve sanitation services on Dec. 16 in all regions of the Kingdom as a way to reduce the high rate of water consumption and rationalize its use.
The change in pricing will depend on the amount of water consumed per month. The new tariff will be SR9 per cubic meter in case users benefit from both water and sanitation services and SR6 per cubic meter in case consumers use only the water service. The cost will depend on the water consumption amount and the number of meters.
The ministry stressed that the studies carefully prepared during re-pricing will have a minor financial impact and will not negatively affect citizens, yet they will have an impact on limiting the high consumption rates and preserving water resources.


Saudi royal decree guarantees allowances to cover cost of living for new fiscal year

Updated 18 December 2018
0

Saudi royal decree guarantees allowances to cover cost of living for new fiscal year

A royal decree by Saudi Arabia’s King Salman ordered the continuation of allowances covering the cost of living for civil sector employees for the new fiscal year on Tuesday.

The decree states that 1,000 Saudi riyals ($266) would be given to citizens on a monthly basis.  This will continue for one year until the study of the social protection system is completed.

Saudi Arabia also announced plans to increase state spending by more than seven percent next year in an effort to spur economic growth, which has been hurt by low oil prices, according to a 2019 budget released by the finance ministry.