Throw in the increasing fiscal burdens from
electricity and water subsidies, military funding for a war in Yemen and rampant unemployment.
Not exact matches
Saudi Arabia will be a litmus test — it raised some gasoline prices by 66 %
and slashed
subsidies on gas, diesel, kerosene,
electricity and water.
The decision came hours after the ministry of finance said it will slash
subsidies for
electricity,
water, diesel
and kerosene over the next five years.
This is a triple - win:
water use drops without affecting yields, fossil fuel use declines,
and the government saves up to $ 6 billion per year in diesel
and electricity subsidies.
Nonrenewable
electricity sources may also impose costs on society from
water use or pollution
and may justify
subsidies for some renewable alternatives.
So the
subsidy situation: The have to cut the grid off to move the power around,
and it's cheap, the price of
electricity is negligible... if they had reasonable
subsidies that actually could pay for a decent grid, farmers would use
water more efficiently
and you wouldn't see the same level of groundwater decline.