Friday 19 October 2018

Saudi Arabia cuts public sector bonuses

DUBAI, September 26, 2016

Saudi Arabia's government has decided to curb to some financial perks for public sector employees, according to a live broadcast of the cabinet's weekly meeting.

"The cabinet has decided to stop and cancel some bonuses and financial benefits," read a line of text on Ekhbariya TV, as a minister read to assembled ministers and royals, including King Salman, a list of cuts to be made in various grades in the civil service.

A royal decree read on the channel following the broadcast announced a cut to ministers' salaries by 20 percent and to members of the appointed Shoura Council by 15 percent.

The decision comes as low oil prices have pushed energy-rich Gulf Arab states to rein in lavish public spending. - Reuters

Tags: Saudi Arabia | ministers | pay |

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