Water company headed to red ink, regulating agency says

The national water company is not making the money it should, according to the Authoridad Reguladora de Servicios Públicos, which keeps track of the financial state of the utilities it regulates.

The regulating agency said that up until June the income of the water company, the Instituto Costarricense de
Acueductos y Alcantarillados, known as AyA, went up 4 percent but expenses went up 11 percent.

The company is approaching red ink due to the decrease in the use of water despite some 15,609 new customers, said the regulating agency.

The regulating agency suggested some changes in the books of the company to keep better track of some of its expenses.

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