Saudi Arabia's government has decided to curb to some financial perks for public sector employees
DUBAI:
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.
"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.
© Thomson Reuters 2016
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