Sri Lanka, May 25 -- Those who are against tariff hikes on electricity will have to compensate losses of the Ceylon Electricity Board (CEB) by way of taxes, said Central Bank Governor Dr. Nandala Weerasinghe.

He was addressing the third monetary policy stance media briefing for the year on Thursday at the Central Bank.

He said one will have to decide which option is best whether to pay taxes to the Government or pay the cost of utility.

"Paying the cost of the utility will be better rather than having to pay taxes to meet the cost of production," the Governor said.

The implementation of a cost-reflective electricity tariff is a key condition of the IMF's Extended Fund Facility program with Sri Lanka aimed at ensuring the long-term fin...